Maker Price (MKR)

Maker is the governance token of the MakerDAO protocol, the organisation behind the creation of Dai, a decentralised stablecoin. Maker token holders have the power to propose and vote on decisions regarding the protocol, such as adding new collateral types, adjusting risk parameters, and managing the system’s stability.

Maker plays a vital role in maintaining the integrity of the Dai stablecoin. It absorbs risks during extreme market volatility to ensure Dai retains its 1:1 peg to the US dollar. This dynamic incentivises Maker token holders to carefully govern the protocol.

Beyond governance, Maker has been an active contributor in the DeFi space, setting the foundation for decentralised lending and stablecoin innovation. It has inspired numerous protocols and remains integral to the growth of the DeFi ecosystem.

MKR token holders benefit from the protocol’s growth, as successful governance can lead to token appreciation. Its dual role as a risk management tool and governance token highlights its importance in the MakerDAO ecosystem.