We’re excited to welcome Maker (MKR) to Poloniex!
What is MakerDAO?
MakerDAO aims to provide a decentralized and permissionless lending platform that is managed by a set of smart contracts and allows for reduced interest rates and improved liquidity. The MakerDAO system is a two-token system: DAI, a USD-pegged stablecoin, and Maker (MKR). MKR is an ERC-20 token that is created and destroyed in order to keep DAI hovering around $1 USD. MKR is used to pay transaction fees on the MakerDAO system and holding MKR comes with voting rights within Maker’s continuous approval voting system. Learn more about MakerDAO on their website.
Market Cap: $263,219,628
Market Cap Rank: #29
24hr Trading Volume: $3,409,407
Circulating Supply: 1,005,799
7d Low / 7d High: $283.73 / $298.75
All-Time High: $1,798.70 (January 20, 2018)
All-Time Low: $168.36 (March 16, 2020)