Maker (MKR)

Maker (MKR)

Rank #60

$655.97

0.84%

0.0383 BTC

MKR
USD

MARKET CAP

$641.294M

ALL TIME HIGH

$6339.02

VOLUME 24H

$21.808M

CIRC. SUPPLY

977.631K

VOL/MCAP

3.00%

TOTAL SUPPLY

977.631K

DILUTED MCAP

$659.331M

MAX SUPPLY

1.006M

1H USD

0.61%

24H USD

0.84%

7D USD

0.53%

30D USD

0%

60D USD

0%

90D USD

0%

Tag:

store-of-valuedefidaopolychain-capital-portfolioView all

Maker Price Chart

24h Change

0.84 %

Maker - MKR Profiles

What is Maker?

Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting $2, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.

What is the project trying to achieve?

MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.

What is the unique selling point?

The Maker protocol is an open-source project started in 2014 with the goal of creating a permissionless credit system that would allow users to take out loans collateralized by cryptocurrency. These loans are created by smart contracts that mint $2, a stablecoin with a soft peg to the US dollar. The protocol was built by the Maker Foundation along with a number of outside parties and over time the foundation has worked to reduce its level of control. They have gradually ceded control to a decentralized autonomous organization (DAO) known as MakerDAO which governs the protocol. The DAO is comprised of individuals across the globe that own the MKR token which affords holders the right to vote on important changes.

Single Collateral Dai

The first iteration was known as Single Collateral Dai (SCD) because Ethereum was the only asset used as collateral to take out a loan. It launched in December 2017 and grew to support $100 million worth of debt. Despite a 94% decrease in the value of collateral over that time, the system remained healthy and Dai maintained a close peg to $1. Since Dai was the only widespread stablecoin that did not require a company to back it by holding US dollars, it became an integral piece of the growing decentralized finance ecosystem. While SCD proved to be effective, the intended goal was to transition to Multi Collateral Dai (MCD) that could accept collateral other than Dai as well as implement other key design changes.

Transition to Multi Collateral Dai

In November 2019 MakerDAO $2 the protocol to MCD with Basic Attention Token ($2) being voted as the first additional collateral available. The existing single collateral system continues to function as is while users are encouraged to migrate to the new Dai. Eventually, the single collateral system will be phased out altogether. In addition to the new collateral, MCD made other important design changes such as the introduction of the Dai Savings Rate (DSR) which allows Dai holders to earn yield and collateral auctions that create a competitive market for liquidations.

Read Full Article: CLICK HERE 

People

We found 3 people related to mkr-maker, include Head of Smart Contracts at MakerDAO Mariano Conti

Organizations

We found 10 organizations related to Maker has FBG Capital, Fenbushi Capital, Astronaut Capital, Andreessen Horowitz, 1confirmation, Maker Foundation, Collaborative Fund, MakerDAO, Dragonfly Capital Partners, Electric Capital

Maker Price Live Data

MKR Price

$655.97

Trading Volume

$21.81 M

All Time High

$6,339.02

1hour Change

0.61%

24hours Change

0.84%

24hours Range

-0.84%

24hours Low

$2,199.99

24hours High

$2,304.30

Liquidity ±2%

$86,980.68 B

Bids -2%

$8.70 M

Asks +2%

$7.71 M

Market Cap

$641.29 M

Fully Diluted Market Cap

659.63 M

Circulating Supply

977631.04

Total Supply

977631.04

Max Supply

1.01 M

Maker Markets

See All Market
wait

Sorry, we don’t have this data yet.

But our scientists are working like crazy to get it.

People Also Watch

Medifakt
$0.018137
1.90%
chart
Firework Games
$0.000608
19.81%
chart
PayFlow
$0.002542
0.53%
chart
Falcon9
$0.000000000024
0.74%
chart
SmartFi
$0.707029
2.74%
chart
LuckyDoge
$0.0000003068
--
chart

Latest News

Be the first to know about Crypto news everyday

Get crypto analysis, news and updates right to your inbox! Sign up here so you don't miss a single newsletter.
people
iosandroid

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands (BVI).

Email us: [email protected]