Top Value Drivers For MakerDAO
- 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