Maker (MKR) 2018-04-10T17:36:45+00:00

Maker (MKR)

Project Description


Maker coin is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors.

Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform. Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Once generated, Dai can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long-term savings. Importantly, the generation of Dai also creates the components needed for a robust decentralized margin trading platform.

In addition to payment of the Stability Fee on active CDPs, the MKR token plays an important role in the governance of the Maker Platform.


– Dai allows decentralized leverage since Dai is effectively a loan on your ether.

– Smart contracts built on MakerDAO will not be affected by token volatility since they will use the Dai stablecoin.


– Should the collateral in the system not be enough to cover the amount of Dai in existence, MKR is created and sold onto the open market coin in order to raise the additional collateral.

– MKR is not available on all the most popular exchanges

Network Status

The Maker network is up.


Maker has many projects in their pipeline including MKR governance and the implementation of proof production about the Dai Stablecoin System in linear logic.


Governance is done at the system level through election of an Active Proposal by MKR voters. The Active Proposal is the smart contract that has been empowered by MKR voting to gain root access to modify the internal governance variables of the Maker coin Platform. Proposals can be in two forms: Single Action Proposal Contracts [SAPC], and Delegating Proposal Contracts [DPC].

Any Ethereum account can deploy valid proposal smart contracts. MKR voters can then use their MKR tokens to cast approval votes for one or more proposals that they want to elect as the Active Proposal. The smart contract that has the highest total number of approval votes from MKR voters is elected as the Active Proposal.


Steem is another platform with its own token pegged to the US dollar. Tether and NuBits are other cryptocurrencies that are pegged to the US dollar while Basecoin and True USD among others are upcoming stablecoins.

Notable partnerships

Maker coin is in partnership with Andreessen Horowitz, Polychain Capital, Distributed Capital Partners, Scanate, FBG Capital, Wyre Capital, Walden Bridge Capital, and 1 confirmation. Augur has also announced that they will integrate Dai in their platform once it’s out.

Maker Coin Exchange

MKR is traded on Bibox, EtherDelta and OKEx.


Maker is a blockchain layer.


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Price history

Jan-31-2018: 1 330.0 USD
Dec-2017: 383.23 USD
Sept-2017: 381.97 USD

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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations

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