PANews reported on June 4 that according to SoSoValue data, the crypto market generally pulled back today, with PayFi, RWA and SocialFi sectors performing firmly, rising 1.20%, 0.22% and 0.01% respectively within 24 hours. In the PayFi sector, XRP and Telcoin (TEL) rose 1.93% and 2.76% respectively; In the RWA sector, Maker (MKR) and Plume (PLUME) rose 6.42% and 7.34%; In the SocialFi sector, Galxe (GAL) and Mask Network (MASK) rose 10.26% and 12.04%. Bitcoin fell 0.68% to $105,000, and Ethereum fell 0.91% to hold above $2,600.
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jintao
crv aave eth mkr link
jintao
what if the true parabolic leg is where all the boomer coins pump and zoomer coins slump
movie
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CRG
Looking into $MKR @MakerDAO (now $SKY @SkyEcosystem) for my DeFi basket
Clever DeFi ppl: Yay? Nay?
What we thinkin
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Augura_
#99 • Maker
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$MKR $𝟭𝟴𝟮𝟯.𝟯 🟢🟢🟢 +16.2%
#MC $𝟵𝟲𝟰.𝟯𝗠
#FDV $𝟭.𝟴𝗕 1.9 MC
#VOL $𝟭𝟱𝟲.𝟱𝗠 0.2 MC
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PANews
PANews reported on June 3 that according to Sky's official tweet, SKY stakers can now receive USDS rewards based on the performance of the protocol and retain governance voting rights. Previously, on May 19, SKY was officially confirmed as the only governance token of Sky Protocol, and MKR holders need to upgrade to SKY to continue to participate in the governance and DeFi development process. The reward mechanism will be dynamically adjusted according to market conditions and governance decisions.
The current price of Maker is ₺73,414.28. Over the last 24 hours, Maker has increased by +5.66%. It currently has a circulating supply of 525,435 MKR and a maximum supply of 1,005,577 MKR, giving it a fully diluted market cap of ₺38.56B. At present, the Maker coin holds the 55 position in market cap rankings. The Maker/TRY price is updated in real-time.
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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 10K new posts about Maker, driven by 6.4K contributors, and total online engagement reached 70M 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
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79%
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{tokenNameGenitive} 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 ₺73,414.28. 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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