About Maker (MKR): Governance Power Behind the DAI Stablecoin
Maker is a decentralized protocol that powers DAI, the most battle-tested decentralized stablecoin in crypto. It enables anyone to mint DAI by locking up crypto collateral — all governed by holders of the MKR token.
The MKR token plays a critical role in protocol governance, risk management, and the long-term sustainability of the Maker ecosystem.
What Is Maker?
Maker is a decentralized autonomous organization (DAO) that allows users to:
- Mint the DAI stablecoin by locking crypto collateral
- Maintain DAI’s soft peg to the U.S. dollar through overcollateralization
- Participate in protocol governance via MKR token voting
Launched in 2017, Maker was one of the first DeFi projects and remains a pillar of decentralized finance — enabling a censorship-resistant stable currency without relying on banks or centralized issuers.
Key Features of Maker
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DAI Stablecoin: A crypto-native, decentralized stablecoin backed by overcollateralized assets such as ETH, wBTC, and USDC.
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Collateral Vaults: Users can deposit collateral to mint DAI, with liquidation mechanisms in place to maintain stability.
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MKR Governance: MKR holders vote on critical decisions, including collateral types, stability fees, and protocol upgrades.
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Surplus and Debt Auctions: Maker uses a unique system to manage excess or deficient collateral, using MKR to balance the protocol when needed.
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Endgame Plan: Maker is transitioning toward a more modular and resilient system, with subDAOs and a focus on real-world asset integration.
Maker and MKR together form the backbone of decentralized stablecoin infrastructure — combining transparency, resilience, and community governance.
⭐ More about Maker’s current market performance, technical trends, fundamentals, and recent developments find on altFINS.
