About this project

Maker is a smart contract platform on the Ethereum chain that backs and stabilizes the value of stablecoin DAI through a dynamic system of Collateralized Debt Positions (CDP), autonomous feedback mechanisms, and appropriately incentivized external actors. MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible, and is part of a fully inspectable system on the Ethereum blockchain. MKR tokens are also used to pay transaction fees on the Maker system, and provides holders with voting rights within Maker’s continuous approval voting system.

Basic Info

Name Maker
Symbol MKR
Category token
Project website https://makerdao.com/
Whitepaper link Read more
Withdrawal fee 0.000198 MKR
Deposit enabled No
Withdrawal enabled No
Supply Total:
Circulating:

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Markets

Available markets

MKR / EBASE