Introduction to Maker (MKR)
Maker is a pioneering decentralized finance (DeFi) project best known for creating DAI, a stablecoin pegged to the US dollar but backed by crypto collateral. Maker’s mission is to build a decentralized and transparent financial ecosystem without relying on traditional banks. Powered by smart contracts on the Ethereum blockchain, Maker uses its native token, MKR, to govern the system and keep DAI stable.
Key Stats at a Glance
- Launch Year: 2017
- Market Cap: $985 Million
- All-Time High (ATH) Price: $6292.31
- Blockchain: ERC20
- Token Ticker: MKR
Key Features
Maker (MKR) token holders play a vital role in decentralized governance by voting on important decisions like adjusting risk parameters, adding new collateral types, and improving the Maker Protocol. At the same time, MKR helps maintain the stability of DAI—a USD-pegged stablecoin—by managing system risks and covering deficits through automated smart contract mechanisms, ensuring DAI remains reliable and secure.
Tokenomics and Distributions
MKR has a dynamic supply model where tokens can be both minted and burned depending on the system’s needs, encouraging active participation in governance while helping keep the Maker ecosystem balanced, secure, and deflationary over time.
- Founders and Projects – 65.99%
- Seed Round 1 – 4.46%
- Seed Round 2 – 6.69%
- Seed Round 3 – 6.13%
- Team – 16.73%
Conclusion
Maker is more than just a DeFi project—it’s a fully decentralized autonomous organization (DAO) that puts control in the hands of its community. Through MKR token-based voting, users collectively shape the future of the Maker Protocol. Its unique mechanism of burning MKR tokens during surplus periods not only helps stabilize the system but also reduces overall token supply over time. By combining decentralized governance with smart financial engineering, Maker continues to lead the way in building a sustainable and truly decentralized financial ecosystem.