Maker mkr

MakerDAO is a decentralized platform used for borrowing and savings and to generate a stablecoin crypto-asset called DAI on the Ethereum blockchain. A stablecoin is a cryptocurrency whose value is pegged to another fiat currency like the US Dollar

MakerDAO, the first entity inside the larger Maker ecosystem, was created in 2015 by Rune Christensen, an entrepreneur from Sealand, Denmark. Christensen graduated from Copenhagen University with a degree in biochemistry and studied international business at the Copenhagen Business School. Prior to MakerDAO, he co-founded and managed the Try China international recruiting company

- The Maker Protocol employs a two-token model, with the first being the collateral-backed DAI stablecoin, and the second being the protocol’s governance token MKR. - DAI is one of the most popular stablecoins with $10 billion issued till March 2022 - Every holder of Maker tokens has the right to vote on a number of changes to the Maker Protocol, with their voting power depending on the size of their MKR stake. - This ability to participate in the management of one of the largest stablecoins on the market is what drives the demand for MKR tokens and correspondingly affects their value