Maker icon Maker (MKR)
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add active $533.84  on  Sep 29, 2020 

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Overview of Maker

Maker simply acts a platform that controls the trading of DAI and uses several incentives and wide range market mechanism to stabilize DAI. Since everything can be checked on the transparent Ethereum blockchain, there is no need of stabilizing third parties or even auditors for verification purposes.

In essence, it is a smart contract platform that backs and stabilizes the value of DAI, through a system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and external actors (keepers, global settlers, oracles).

Maker enables anyone to leverage their Ethereum assets to generate DAI on the Maker ICO. Once generated, DAI can be used in the same manner as any other cryptocurrency:  For performing transactions, held as long term savingsor used to create the components needed for a decentralizedmargin trading platform.

 MKR has a ready product (DAI) and a clear, transparent system in place connecting the investor token with the product. The token holders govern the Maker system and their actions affect the price of the MKR.