Maker - Realizing the potential of the blockchain.

Maker

Realizing the potential of the blockchain.

About Maker

MakerDAO is “Decentralized Autonomous Organization” (“DAO”) operating on the Ethereum blockchain. At its core, MakerDAO permits the creation of a decentralized ‘stablecoin’ on Ethereum called Dai. A stablecoin is a token that seeks to eliminate price volatility, effectively tracking the price of a fiat currency like the US dollar. 1 Dai = 1 USD. In contrast to Dai which is a stablecoin that is suitable for payments and savings, MKR is a token that has a volatile price because of its unique supply mechanics and role on the Maker platform. MKR is a utility token, governance token and recapitalization resource of the Maker system.