Maker plays a key role in decentralised finance (DeFi). MKR is the governance token native to the Maker protocol, a software platform that enables the generation and management of Dai, itself currently one of the most popular stablecoins. MKR grants its holders the right to vote on certain changes to the Maker protocol. Its price is based on the appeal of the Dai ecosystem.
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Performance summary for MKR/USD
View the annual performance of MKR/USD, the cryptocurrency launched in 2017
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