Understanding MKR
What is Maker DAO?
MakerDAO is one of the most established DeFi protocols, governing the DAI stablecoin ecosystem. MKR token holders play a crucial role in governing the platform by voting on risk parameters, stability fees, and collateral types, ensuring the stability of DAI. As DeFi’s most trusted stablecoin, DAI remains a key player in decentralised finance, with MKR holders responsible for maintaining its peg.
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