Maker

Maker (MKR), launched in 2017, is the governance token of the MakerDAO protocol, which created DAI, one of the most widely-used decentralized stablecoins. MKR holders govern the Maker protocol, voting on risk parameters, collateral types, and stability fee adjustments. The Maker protocol enables users to lock collateral (primarily ETH) and generate DAI stablecoins, creating a decentralized alternative to traditional banking. MKR tokens are also used to cover system debt in case of undercollateralization, making holders responsible for protocol stability. Use MKR tokens to pay for Senko Digital hosting services and support decentralized stablecoin infrastructure.