Sky community mulls final proposal to replace MKR with SKY as sole governance token, enabling staking and USDS rewards
4.31K
5
The Block
Sky community mulls final proposal to replace MKR with SKY as sole governance token, enabling staking and USDS rewards
7.55K
14
PaperImperium
Dec 2024: “This [migration] will not put MKR holders in a position where they can lose their funds…”
April 2025: Users who don’t convert by Sept will lose some of their funds.
3.58K
7
PaperImperium
Dec 2024: “This [migration] will not put MKR holders in a position where they can lose their funds…”
April 2024: Users who don’t convert by Sept will lose some of their funds.
PaperImperium
I had heard this was coming from Maker. MKR token to be forcibly migrated to SKY. Conversion to become one way, and begin penalizing anyone who doesn’t convert by September 2025.
Penalty not huge at first, but is just a parameter & can be changed up and down.
2.46K
0
Synthetix ⚔️
Synthetix ⚔️
Crypto Stream
Infinex is transitioning from being a cross-chain wallet to becoming the user interface for Web 3.0.
The following projects were highlighted:
- @aave
- @noise_xyz
- @GTE_XYZ
- @synthetix_io
- @MakerDAO
- @ethena_labs
- @ambient_finance
- @megaeth_labs
- @lemonade_events
- @FogoChain
What immediately stands out is their focus on MegaETH projects, and they seem to have deep ties with Noise.
Does this mean Patrons are the next in line to access Noise?
@lucacseth @kaiynne
8.82K
1
Maker price performance in USD
The current price of Maker is $1,521.70. Since 00:00 UTC, Maker has increased by +3.01%. It currently has a circulating supply of 834,762 MKR and a maximum supply of 1,005,577 MKR, giving it a fully diluted market cap of $1.27B. At present, the Maker coin holds the 49 position in market cap rankings. The Maker/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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In a push towards decentralization, governance tokens have emerged as a cornerstone of many crypto projects, allowing token holders to stake and vote on protocol modifications. MKR is the governance token for MakerDAO, which plays a pivotal role in ensuring the efficiency, transparency, and stability of DAI, a decentralized, collateral-backed stablecoin.
What is MakerDAO
MakerDAO is a decentralized autonomous organization (DAO) that administers the DAI stablecoin through the Maker Protocol. This protocol enables the minting and management of DAI stablecoins while maintaining their peg to the US dollar using over-collateralization and other mechanisms. The primary responsibility of MKR holders is to vote on changes to the Maker Protocol, which directly impacts DAI. MKR's governance role ensures that the protocol adjusts and evolves in response to the market's demands and potential risks.
The Maker team
Maker was created in 2015 by Rune Christensen, a Denmark-based entrepreneur. He graduated from the Copenhagen University with a degree in biochemistry. He also studied international business at the local Copenhagen Business School. Before founding MakerDAO, he co-founded Try China, an international recruiting company.
How does MakerDAO work
MKR holders are at the heart of the MakerDAO system, actively participating in Executive Voting. Successful votes translate into changes within the protocol. For instance, these token holders set the DAI savings rate, directly impacting the incentives for those who stake DAI. Contributors are rewarded for their active involvement.
MKR tokenomics
MKR tokens, capped at 977,631 in supply, are central to the MakerDAO ecosystem. They empower holders with governance rights, allowing them to shape the system's direction. Beyond governance, MKR is crucial in maintaining DAI's stability, ensuring its value remains pegged and resilient to market fluctuations. Notably, in situations of undercollateralization, MKR is auctioned to cover the deficit.
Furthermore, MKR tokens are used to settle stability fees, which are essentially interest charges on DAI loans. These MKR tokens are subsequently burnt, gradually reducing their overall supply and adding an element of scarcity.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 9.9K new posts about Maker, driven by 6.5K contributors, and total online engagement reached 63M social interactions. The sentiment score for Maker currently stands at 79%. Compared to all cryptocurrencies, post volume for Maker currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Maker.
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Posts
9,941
Contributors
6,489
Interactions
63,206,318
Sentiment
79%
Volume rank
#0
X
Posts
1,357
Interactions
1,925,495
Sentiment
63%
Maker FAQ
How is MKR different from DAI?
While both tokens are part of the MakerDAO ecosystem, MKR is a governance token, and its primary role is to oversee the protocol's operation and stability. In contrast, DAI is a stablecoin pegged to the US dollar, designed to maintain its value despite market volatility.
How is DAI's stability maintained?
DAI's stability is ensured through over-collateralization, liquidation processes, MKR governance, stability fees, and the DAI Savings Rate (DSR). Combined, these mechanisms help keep DAI's value close to $1.
Where can I buy MKR tokens?
Easily buy MKR tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include MKR/BTC, MKR/USDC, and MKR/USDT.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into MKR, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Maker worth today?
Currently, one Maker is worth $1,521.70. For answers and insight into Maker's price action, you're in the right place. Explore the latest Maker charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Maker, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Maker have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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