Maker (MKR)

Maker (MKR) is a decentralized cryptocurrency and governance token that powers the MakerDAO decentralized finance (DeFi) protocol on the Ethereum blockchain. The MakerDAO protocol allows users to generate a stablecoin called Dai, which is pegged to the US dollar and avoids the volatility typically associated with other cryptocurrencies. MKR allows holders to participate in the governance of the MakerDAO protocol, which includes voting on proposals for changes to the protocol, as well as managing risk and stability of the system. MKR is also used as collateral to generate Dai, and as a result, can be volatile in value. Overall, Maker (MKR) plays a crucial role in the DeFi ecosystem by enabling a stable and decentralized alternative to fiat currencies.