Equity Overview
Price & Market Data
Price: $1,377
Daily Change: +$13.28 / 0.96%
Daily Range: $1,354 - $1,382
Market Cap: $181,734,343
Daily Volume: 124,575
Details
Maker DAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token Dai against the IMF’s currency basket SDR. It's token, MKR is a speculative Ethereum based asset that backs the value of the dai, a stable price stable coin issued on Ethereum. Maker earns a continuous fee on all outstanding dai in return for governing the system and taking on the risk of bailouts. Maker’s income is funnelled to MKR owners through BuyBack program (Buy&Burn).Telegram | YouTubeWhitepaper