What is Maker (MKR)?
The Maker Protocol is a set of smart contracts that allow users to issue & manage the DAI stablecoin. The Maker Vault facilitates the generation of Dai against locked up Collateral.
Maker (MKR) is an ERC-20 token that is native to the Maker Protocol. MKR tokens act as a kind of voting share for the organization that manages DAI.
MakerDAO is a decentralized governance community that manages the generation of Dai through governance of the Maker Protocol. Dai is a decentralized, collateral-backed stablecoin pegged to the US Dollar.
The Dai Savings Rate (DSR) is a variable rate of accrual earned by locking Dai in the DSR smart contract. The DSR smart contract has no withdrawal limits, deposit limits, or liquidity constraints.
Website: https://makerdao.com/en/
DISCLAIMER
The contents on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. By consuming this content, you agree to hold us harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. This page may contain affiliate links to products. We may receive a commission for purchases made through these links at no additional cost to you.