Maker is a decentralised governance protocol. Holders of the MKR token govern the Maker protocol, which are the smart contracts that power the Ethereum-based stablecoin Dai. The goal of Dai is to offer a decentralised currency for anyone to use anywhere. MKR tokens are created or destroyed in response to the price fluctuations of the stablecoin Dai. The goal is to keep the price of Dai hovering at around $1. You can read more about MKR on the official Maker website.
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