Maker (MKR) is a governing cryptocurrency that works to stabilize the price of the Dai (DAI) stablecoin against the US dollar (USD).
Linked to the DAI stablecoin, the Maker system employs a set of dynamic external market mechanisms and economic incentigves to keep prices close to 1 USD per token. MKR tokens are created or destroyed on the Maker system in accordance with price fluctuations of DAI coins. MKR tokens are needed to run transactions and smart contracts on the Maker system as well as give holders voting rights in governance of the platform.
