Maker

www.makerdao.com

Key Stats

Total Value Locked		24H
in USD	$253.5M	-0.2%
in ETH	1.5M ETH	-0.4%
in BTC	30K BTC	+1.2%
ETH Locked	1.5M ETH	-5.8K ETH
% Supply Locked	1.38%
Blockchain	Ethereum
Most Locked	$ETH
Protocol Token	$MKR

Total Value Locked (USD) in Maker

What is Maker?

MakerDAO is a decentralized credit platform on Ethereum that supports Dai, a stablecoin whose value is pegged to USD. Anyone can use Maker to open a Collateralized Debt Position (CDP), lock ETH as collateral, and generate Dai as debt against that collateral. Dai debt incurs a stability fee (i.e., continuously accruing interest), which is paid (in MKR) upon repayment of borrowed Dai.