MKR MakerDAO

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MakerDAO is a decentralized autonomous organization and smart contract system on Ethereum, providing Dai, the first decentralized stable currency on Ethereum. DAI is a hard currency backed by digital asset collateral, and it maintains a 1:1 peg with the US dollar. MKR is the management token and utility token of the Maker system, which is used to pay for the stable fees of borrowing Dai and participate in the management system. Unlike Dai stable currency, due to its unique supply mechanism and role on the Maker platform, the value of MKR is closely related to the performance of the entire system. The decentralized stable currency Dai has key applications in mortgage loans, leveraged transactions, hedging and value preservation, international remittances, supply chains, and government open bookkeeping.