Maker (MKR)
- Official Website: makerdao.com
- Definition: Maker is a decentralized autonomous organization (DAO) that governs the Dai stablecoin and the Maker Protocol.
- Category: DeFi, Token.
- What It Is: A platform for decentralized governance and stablecoin issuance.
- Function: Enables users to create and manage the Dai stablecoin.
- Analogy: Think of Maker as a digital central bank. It manages the supply and stability of Dai.
- Pros: Decentralized, strong use case for DeFi, transparent.
- Cons: Complexity, reliance on collateral.
- Controversies: Regulatory scrutiny, competition from other stablecoins.
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This page was last updated on January 28, 2025.
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