Maker

Maker is a decentralized protocol that governs the DAI stablecoin and supports DeFi lending.

What Is Maker (MKR)? Maker is a decentralized finance protocol that governs the DAI stablecoin and enables collateralized crypto lending.

The governance system behind a decentralized stablecoin. Users lock volatile crypto assets in smart contracts to mint dollar-pegged tokens, with automated mechanisms maintaining stability.

Algorithmic Stability: Used as a governance token to manage risk and collateral parameters for the DAI stablecoin system, acting as a backstop for its peg.

CDP Governance: Governs the Maker protocol. Holders vote on stability fees and collateral types for DAI. In under-collateralization events, the token can be minted and sold to recapitalize the system.