What you need to know
What makes Maker unique?
Maker is a stablecoin system that is governed and insured by Maker's holders and therefor is pretty much decentralized. Anyone can lend and borrow cryptocurrency without the need for a credit check.
Does it have customer proof?
The concept for Maker was developed between 2015 and 2017 and the last major upgrade took place in 2019. Maker is the largest DeFi app on Ethereum. It partners with Coinbase and is funded by Andreessen Horowitz, Peter Thiel, Marc Cuban and others.
What is the utility of the token?
MKR is Maker's governance token with a voting mechanism that allows its holders to manage Maker and the financial risks of Dai to ensure its stability, transparency, and efficiency. The more MKT you stake, the higher your voting power.