-
Bitcoin $96,238.5445
-0.54% - Ethereum
$1,842.4712
0.27% - Tether USDt
$1.0001
-0.02% - XRP
$2.1942
-0.32% - BNB
$599.5303
-0.30% - Solana
$147.6262
-0.10% - USDC
$0.9999
0.00% - Dogecoin
$0.1766
-2.49% - Cardano
$0.7072
1.74% - TRON
$0.2458
-0.75% - Sui
$3.3465
-2.18% - Chainlink
$14.2980
-2.17% - Avalanche
$20.6801
-2.59% - Stellar
$0.2719
-0.06% - UNUS SED LEO
$8.9461
0.96% - Toncoin
$3.0971
-1.46% - Shiba Inu
$0.0...01305
-2.22% - Hedera
$0.1814
-2.17% - Bitcoin Cash
$364.0314
-4.31% - Hyperliquid
$21.3336
1.92% - Litecoin
$86.9479
-0.51% - Polkadot
$4.0466
-2.74% - Dai
$0.9999
-0.01% - Bitget Token
$4.3848
-1.12% - Monero
$275.6494
-2.27% - Ethena USDe
$1.0006
-0.03% - Pi
$0.5854
-2.18% - Pepe
$0.0...08257
-3.68% - Aptos
$5.2260
-3.26% - Uniswap
$5.1380
-1.52%
What kind of currency is MKR coin? Introduction to the official website, circulation and trading platform of MKR coins
MKR holders, with their utility token, actively participate in Maker Protocol governance, influencing crucial decisions that ensure the lending platform's stability and functionality.
Oct 10, 2024 at 05:29 pm
What is MKR Coin?
MKR is a utility token used in the Maker Protocol, a decentralized lending platform that allows users to lend and borrow crypto assets without the need for intermediaries. MKR holders play a crucial role in the governance of the Maker Protocol, influencing decision-making regarding interest rates, stability fees, and collateral types.
Official Website
The official website of the Maker Protocol and MKR coin is: https://makerdao.com/
Circulation
As of March 2023, the circulating supply of MKR coins is approximately 986,641.
Trading Platforms
MKR coins are available for trading on various cryptocurrency exchanges, including:
- Binance
- Coinbase
- Kraken
- Gemini
- Huobi Global
Functionality
MKR holders have the following functions within the Maker Protocol:
- Governance: MKR holders can vote on proposals to change the protocol's parameters, such as interest rates, stability fees, and collateral types.
- Surplus Distribution: When the Maker Protocol generates surplus revenue, it is distributed to MKR holders as a reward for their participation in governance.
- System Stability: MKR coins are used as a buffer to absorb losses in the event of a shortfall in the Maker Protocol's collateralized debt positions. By holding MKR coins, users contribute to the stability and resilience of the system.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Stablecoins Are Signalling the Crypto Market's Sentiment and Liquidity
- 2025-05-04 07:10:13
- Buy the Dip, 2X Your Coins: BTFD's FINAL100 Offer and 2900% Potential Makes It the Next Crypto to Explode
- 2025-05-04 07:10:13
- Now known simply as Strategy, the firm formerly called MicroStrategy, has definitively secured its spot as the world's largest corporate holder of Bitcoin.
- 2025-05-04 07:05:13
- Bitcoin (BTC) Market Finds Itself at a Critical Crossroads as It Leans Against the Short-Term Optimistic Trading Patterns
- 2025-05-04 07:05:13
- Bitcoin (BTC) price resumed its upward trend this week
- 2025-05-04 07:00:12
- Ruvi (RUVI) Could Trump Solana (SOL) as the Top Blockchain Project by 2025
- 2025-05-04 07:00:12
Related knowledge
What is DeFi? How does it leverage blockchain technology?
Apr 27,2025 at 12:49pm
What is DeFi? How does it leverage blockchain technology? Decentralized Finance, commonly known as DeFi, represents a shift from traditional centralized financial systems to a more open, permissionless, and transparent ecosystem built on blockchain technology. At its core, DeFi aims to recreate traditional financial instruments and services—such as lend...
What is impermanent loss insurance? What are the solutions?
Apr 12,2025 at 01:14am
What is Impermanent Loss Insurance? What are the Solutions? Impermanent loss is a significant concern for liquidity providers in decentralized finance (DeFi) platforms. It occurs when the price of tokens in a liquidity pool changes compared to when they were deposited, leading to a potential loss if the provider decides to withdraw their liquidity. To m...
What are algorithmic stablecoins? How do they maintain anchoring?
Apr 12,2025 at 11:35am
Algorithmic stablecoins represent a fascinating and innovative segment within the cryptocurrency ecosystem. These digital assets are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, through the use of algorithms rather than traditional collateral. This approach distinguishes them from other types of stablecoin...
What is leveraged mining? How is risk-return calculated?
Apr 11,2025 at 04:07pm
What is Leveraged Mining? How is Risk-Return Calculated? Leveraged mining is a strategy used in the cryptocurrency space where miners borrow funds to increase their mining capacity and potential returns. This approach can amplify both profits and losses, making it a high-risk, high-reward endeavor. Understanding how to calculate the risk and return asso...
What is an aggregator? How does 1inch optimize transaction paths?
Apr 12,2025 at 05:00pm
An aggregator in the cryptocurrency space is a tool that compiles and compares data from multiple decentralized exchanges (DEXs) to find the best possible trading routes and prices for users. Aggregators are essential for traders looking to optimize their transactions, as they can automatically search through various liquidity sources to ensure the most...
What is a flash exchange? How is it different from a normal exchange?
Apr 16,2025 at 03:43pm
A flash exchange, also known as a flash swap, is a relatively new concept within the cryptocurrency space that has gained significant attention due to its innovative approach to trading. Unlike traditional exchanges, flash exchanges leverage the power of decentralized finance (DeFi) protocols to enable instant, collateral-free trades. In this article, w...
What is DeFi? How does it leverage blockchain technology?
Apr 27,2025 at 12:49pm
What is DeFi? How does it leverage blockchain technology? Decentralized Finance, commonly known as DeFi, represents a shift from traditional centralized financial systems to a more open, permissionless, and transparent ecosystem built on blockchain technology. At its core, DeFi aims to recreate traditional financial instruments and services—such as lend...
What is impermanent loss insurance? What are the solutions?
Apr 12,2025 at 01:14am
What is Impermanent Loss Insurance? What are the Solutions? Impermanent loss is a significant concern for liquidity providers in decentralized finance (DeFi) platforms. It occurs when the price of tokens in a liquidity pool changes compared to when they were deposited, leading to a potential loss if the provider decides to withdraw their liquidity. To m...
What are algorithmic stablecoins? How do they maintain anchoring?
Apr 12,2025 at 11:35am
Algorithmic stablecoins represent a fascinating and innovative segment within the cryptocurrency ecosystem. These digital assets are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, through the use of algorithms rather than traditional collateral. This approach distinguishes them from other types of stablecoin...
What is leveraged mining? How is risk-return calculated?
Apr 11,2025 at 04:07pm
What is Leveraged Mining? How is Risk-Return Calculated? Leveraged mining is a strategy used in the cryptocurrency space where miners borrow funds to increase their mining capacity and potential returns. This approach can amplify both profits and losses, making it a high-risk, high-reward endeavor. Understanding how to calculate the risk and return asso...
What is an aggregator? How does 1inch optimize transaction paths?
Apr 12,2025 at 05:00pm
An aggregator in the cryptocurrency space is a tool that compiles and compares data from multiple decentralized exchanges (DEXs) to find the best possible trading routes and prices for users. Aggregators are essential for traders looking to optimize their transactions, as they can automatically search through various liquidity sources to ensure the most...
What is a flash exchange? How is it different from a normal exchange?
Apr 16,2025 at 03:43pm
A flash exchange, also known as a flash swap, is a relatively new concept within the cryptocurrency space that has gained significant attention due to its innovative approach to trading. Unlike traditional exchanges, flash exchanges leverage the power of decentralized finance (DeFi) protocols to enable instant, collateral-free trades. In this article, w...
See all articles
