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 $613 million, Maker is the No. 70 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 savings accounts offering up to 7.2% APY on Maker deposits and loans as low as 0.0606% 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.
AMaker is part of the Near Protocol, Arbitrum Ecosytem and Bnb Chain ecosystems.
QIs it possible to stake Maker to generate passive income?
AYes, staking is available for Maker on a number of platforms. For a full list of Maker staking yields see our list of Maker staking yields.
QHow much can I earn staking Maker?
AYou can earn up to 7.2% APY by staking your Maker tokens. Check out our Maker staking yields table for further details.
QWhere is the best place to stake Maker?
ARight now the best staking rates are on Coinloan with an income rate of up to 7.2% APY.
QIs it a good time to buy Maker?
AYou can check the technical indicators for Maker on the Maker Price Trend tab. These indicators are based on the analysis of multiple trading signals for Maker.
QWhere is the best place to buy Maker?
AYou can find the cheapest exchange on which to buy Maker on the Maker Buy tab.
QWhich crypto wallets support Maker?
AYou can check which wallets support Maker on the Maker Wallets tab.
QCan you get a Maker loan without collateral?
AAlmost all Maker loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Maker flash loans which allow you to borrow uncollateralised Maker for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Maker loans on the Maker Loans tab.
QWhich venture capital firms have invested in Maker?