Maker Price, rate, chart, market capitalization statistics

Maker
MKR
Maker price (live):
€ 1.415,47 -0.02%
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Startprijs dag
€ 1.415,47

1u
-0.02%
24u
-0.02%
1w
-0.02%

Koers, live prijs & statistieken

Maker is a cryptocurrency with a price of € 1.415,47 and marketcap of € 1.299.184.257. Maker‘s market price has decreased -0.02% in the last 24 hours. It ranks 49 amongst all cryptocurrencies with daily volume of € 54.428.738.
€ 1.415,47
0.03909875 BTC
Marketcap
€ 1.299.184.257
Volume (24h)
€ 54.428.738
Circulating Supply
918.471 MKR
Total Supply
977.631 MKR

Coin history

All time high (ATH):

€ 5.776,66

Days since all time high:

943

Wisselkoers

MKR
EUR

Vergelijkbaar met Maker

bitcoinBitcoin
€ 36.202,38
€ 36.202,38
1.74%
ethereumEthereum
€ 1.982,50
€ 1.982,50
3.29%
tetherTether
€ 0,918050
€ 0,918050
0.05%
bnbBNB
€ 210,94
€ 210,94
0.52%
xrpXRP
€ 0,569453
€ 0,569453
1.6%
solanaSolana
€ 57,90
€ 57,90
4.3%
usd-coinUSDC
€ 0,918050
€ 0,918050
0.11%
staked-etherLido Staked Ether
€ 1.981,76
€ 1.981,76
3.41%
cardanoCardano
€ 0,362082
€ 0,362082
2.73%
dogecoinDogecoin
€ 0,078606
€ 0,078606
2.89%

What is Maker?

Maker is the system responsible for making DAI stable through “collateralized debt position” (CDPs) smart contracts on the Ethereum. MKR is an ERC-20 token created in response to insufficient collateral to back for DAI CDPs.

DAI is created through loan contracts which use Ether as a collateral. MKR Holders are responsible for regulating the collateralized rate making DAI consistently worth $1 and are rewarded for doing it; CDPs include a fee which is paid using MKR that is always burned, evating MKR’s value.

CDPs are automatically liquidated in case Ether drops to a price such that their collateral (ETH) drops below a given value that is not enough to finance the amount of DAI loaned. If the liquidated volume recovered isn’t enough to cover for the corresponding DAI volume loaned, the Maker system automatically creates new MKR tokens which are sold in open markets ensuring a positive balance. This mechanism incentives MKR holders to make rational decisions when voting for collateralized rates.

MakerDAO, the group responsible for Maker, also run a decentralized exchange called OasisDEX.