Overview
Maker (MKR) is the governance token of MakerDAO and the Maker Protocol, both of which operate on the Ethereum blockchain. These platforms enable users to issue and manage the DAI stablecoin, a decentralized cryptocurrency pegged to the US dollar.
Originally conceptualized in 2015 and fully launched in December 2017, Maker focuses on maintaining DAI’s stability through community-driven governance.
Key Features
- Governance: MKR holders vote on critical protocol changes, including collateral types, risk parameters, and oracle selections.
- Dynamic Supply: MKR’s total supply adjusts based on DAI’s ecosystem health—new tokens are minted during deficits and burned during surpluses.
- DeFi Pioneer: One of the earliest projects in decentralized finance (DeFi), leveraging Ethereum’s smart contracts.
Market Data (Live Updates)
- Current Price: ₩2,590,521 KRW
- 24h Trading Volume: ₩59,480,855,148 KRW
- Price Change (24h): -4.62%
- Market Cap: Not available
- Circulating Supply: Not available
- Max Supply: 1,000,000 MKR
Why Is Maker Unique?
- Decentralized Stability: DAI maintains its peg without centralized reserves, relying on crypto collateral.
- Community Governance: MKR holders directly influence protocol upgrades and financial policies.
- Ecosystem Growth: Supports new collateral assets (e.g., Ethereum, WBTC) to expand DAI’s utility.
FAQ
What is MakerDAO?
MakerDAO is the governing body behind Maker, founded by Rune Christensen in 2015. It oversees DAI’s stability and protocol upgrades.
How can I buy MKR?
MKR is available on major exchanges like:
- Binance
- OKEx
- Uniswap
- Coinbase Pro
What happens if DAI’s collateral falls short?
The protocol liquidates undercollateralized vaults and mints new MKR to cover gaps, adjusting supply dynamically.
Key Statistics
| Metric | Value |
|----------------------|---------------------|
| Total Supply | 870,820 MKR |
| TVL (Total Value Locked) | ₩7.29T KRW |
| Holders | 111,390 |
About Maker’s Rebrand to Sky (SKY)
In 2025, Maker announced a rebrand to Sky (SKY). For details, refer to the official forum post.
Related Resources
- Learn about USDT, another stablecoin.