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Maker is the native token of decentralized lending platform Maker. Maker is a utility token and can be staked in return for rewards. Maker platform's most used product is DAI stablecoin. Users can use Ethereum as collateral to create new DAI stablecoins. Maker platform is governed by MakerDAO which is a decentralized autonomous organization. Maker holders can vote on MakerDAO's governance.
With a total market cap of over $1.29 billion, Maker is the No. 34 cryptocurrency by market size. The currency symbol for Maker is MKR and it was launched in November 2017. Maker is the token issued by the MakerDAO platform. There will only ever be 1 million Maker tokens issued. So far 901 thousand tokens (89.6% of the total supply) have been issued.
We found crypto protocols offering up to 538.7% APY on Maker deposits (2.5% APY CeFi, 538.7% APY DeFi) and loans as low as 0.02% APY against Maker used as collateral. Check out our Maker staking yields table and Maker loan rates table for further details.
The technical price analysis for Maker below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Maker.
Currently 81% of users are positive about Maker.
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