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DeFi
MKR Price
Contracts:
Ethereum
MakerDAO is an Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman
MakerDAO is an Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman
Tags (Sub-Categories):
Market Cap
$ 1.41B
Ƀ 36.31K
FDMC
$ 1.54B
ATH Market Cap
$ 5.67B
24h Trade Volume
$ 41.39M
Ƀ 1.07K
Vol (24h) / MCap
0.0293
Circ. Supply
MKR 918.47K
91.34%
Total Supply
MKR 977.63K
Max Supply
MKR 1.01M
All Time High
$ 6.29K
03 May 2021
From ATH
From ATL
SEED ENDED:
In the Past
Price
$ 250.00
ROI
6.14x (+513.7%)
ATH ROI
25.17x (+2,417%)
Raise
$ 15,000,000
Tokens For Sale
60,000
Period | Change | Change (%) | High | Low |
---|---|---|---|---|
24H | -$ 12.09 | -0.78% | $ 1,560 | $ 1,532 |
7D | $ 76.24 | +5.23% | $ 1,560 | $ 1,434 |
14D | $ 190.74 | +14.2% | $ 1,560 | $ 1,319 |
30D | $ 170.74 | +12.5% | $ 1,560 | $ 1,258 |
3M | $ 395.09 | +34.7% | $ 1,625 | $ 1,073 |
6M | $ 859.78 | +127.5% | $ 1,625 | $ 546.02 |
YTD | $ 1,020 | +198.3% | $ 1,625 | $ 502.67 |
1Y | $ 888.12 | +137.4% | $ 1,625 | $ 502.67 |
3Y | $ 974.56 | +174.1% | $ 6,292 | $ 475.88 |
MakerDAO is an Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman. Since its launch, it has gained widespread use and its DeFi integration has made MakerDAO one of the most operational protocols across the crypto ecosystem.
MakerDAO is made up of a smart contract service that manages borrowing and lending. It has two currencies, DAI and MKR, that are used to regulate the value of loans.
MakerDAO makes use of two tokens, these are MKR and DAI. DAI is fully backed stable while MKR is a governance token.
DAI is an ERC20 token on the Ethereum blockchain that is soft pegged to the US dollar. Also on other chains now It is designed to provide an alternative to more volatile cryptocurrencies. When a loan is taken out on MakerDAO, DAI is created. It is the currency that users can borrow and then pay back at a later date.
The Maker (MKR) token was created by MakerDAO. Its main function is to govern Maker protocol. Traditional stablecoins use reserves of fiat currencies, or in some cases gold, to peg a cryptocurrency in order to keep it stable.
MKR is also used in the Dai system governance. MKR tokens are used by its holders to vote on changes to the MakerDAO protocol. However, anyone with an Ethereum address can submit a proposal to change the protocol, even if they do not own any MKR.
DAI is issued when buyers purchase a smart contract-based collateralized debt position (CDP), which is very similar to a traditional loan. CDPs are bought with ETH and DAI is given in return, as such, ETH acts as the collateral to the loan.
In essence, the system means that individuals can get a loan against their ETH. Upon repayment of the loan, the DAI is “burned” or destroyed.
MKR can be bought on the exchanges:
Maker's current price is $ 1,534, it has dropped -0.78% over the past 24 hours.
Maker's All Time High (ATH) of $ 6,292 was reached on 3 May 2021, and is currently -75.6% down.
The current circulating supply of Maker is 918.47 Thousands tokens, and the maximum supply of Maker is 1.01 Million.
Maker’s 24 hour trading volume is $ 41.39 Million.
Maker's current share of the entire cryptocurrency market is 0.09%, with a market capitalization of $ 1.41 Billion.
You can find more details about Maker on its official website and on the block explorer.
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