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What is the issue volume of MKR coin? An article introduces the application scenarios of MKR coins
MKR coins facilitate stability fee adjustment, risk management, governance, token deflation, and DAI savings within the MakerDAO ecosystem.
Oct 03, 2024 at 04:54 am
1. What is the Issuance Volume of MKR Coins?
The total issuance volume of MKR coins is 1,000,000.
2. Application Scenarios of MKR Coins
MKR coins are mainly used in the following scenarios:
- Stability Fee Adjustment: When the utilization rate of the MakerDAO system (measured by the amount of Dai debt outstanding relative to the amount of collateral in the system) is above a certain target level, MKR holders can vote to adjust the stability fee charged on borrowed Dai.
- Risk Management: MKR holders can also vote to adjust the parameters of Maker's risk management system, such as the amount of collateralization required for each Dai loan and the liquidation threshold.
- Governance: MKR holders have the right to vote on all proposed changes to the MakerDAO system and protocol. This includes the ability to propose new features, update the governance structure, and create new products and services.
- Deflationary Token: MKR has a built-in deflationary mechanism whereby a portion of the stability fees collected is destroyed. This decreases the total supply of MKR tokens and increases their price.
- DAI Savings: MKR tokens can be deposited into the Dai Savings Rate (DSR) contract in the MakerDAO system to earn interest. The interest rate is determined by the demand for DAI and the supply of MKR.
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