Maker (MKR)
What is it?
Maker is a governance token, designed to enhance the stability (and decentralisation) of the cryptocurrency market. What it governs is the Maker protocol, which in turn enables the creation of the DAI stablecoin through collateralised debt positions (CDPs) on the Ethereum blockchain.
Why trade it?
The strong connection with the DAI stablecoin is a big draw for many investors as is its own relative stability and high liquidity.
Did you know…
Maker is getting bigger and bigger. It already has more active addresses than USDT – currently the largest stablecoin on the market.