- Full Name
- Project URL
Official Website: https://makerdao.com/en/
White Paper: https://makerdao.com/whitepaper/Dai-Whitepaper-Dec17-en.pdf
- Block Explorers
- Coin Information
Maker (MKR) is a currency for proving the reliability and value of legal currency: US dollar and peg currency: “Dai”. Instead of depositing collateral assets to Maker and issuing Dai, they have introduced a peg system that prevents access to collateral deposited with Maker.
Maker is an autonomous decentralized organization of the Ethereum blockchain, aimed at minimizing price fluctuations for its stable coin Dai against the US dollar. In contrast to Dai, the price of Maker itself fluctuates. Maker is a utility token, and the price will increase with the use of Dai.
Maker owners can vote for risk management and business logic in the Maker system. MKR coins cannot be mined, but can be purchased on multiple exchanges. Maker operates on the principle of margin trading. The first token is collateralized by CDP collateral, which is sent to the smart contract and becomes a margin trading platform. With this framework, developers can afford affordability and guarantee a high level of security.