All About Maker (MKR)

• MakerDAO is a decentralized stablecoin platform, operating on the Ethereum blockchain.
• By staking the MKR token, users can vote on network specs and governance initiatives, including the stability fee, collateralization rates, and assets allowed to be used as collateral, etc.
• Users may deposit predetermined assets as collateral against which they may print the DAI stablecoin.
• The MakerDAO platform has built an infrastructure that aims to stabilize the price of DAI at 1 USD.
• When a user decides to deposit DAI stablecoins into her Vault and withdraw her collateral, she is also required to pay an interest, or stability fee, to the network.
• Stability fees are also used to buy back MKR tokens from the open market, which are subsequently burnt.

Start Trading Now!

Download Binance.US app here