Maker MKR

An ERC-20 token that is native to the Maker Protocol
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MKR is the governance token and recapitalization source of the Maker Protocol. As a governance token, MKR is used by its holders to vote on a number of different things. Voting is used to execute changes to parameters inside of the Maker Protocol like Stability Fees, the DSR, Debt Ceilings, and many others. Voting is also used to make decisions on the non-technical aspects of the protocol like asset priority lists, governance processes, role mandates, and even electing individuals to fill specific roles. The token also acts as a source of recapitalization when the Maker Protocol runs at a deficit. The possibility of MKR token supply Dilution gives holders a strong incentive to govern the system well. Inversely, the destruction of MKR through the auctioning of Dai from the system’s excess surplus further incentivizes holders to govern the system well.

Recent News
UniSwap fights back as competitors drain value from the DEX
Nov 20 · The Cointelegraph · Regarding the situation, Carlsbad Sunshine, CEO at LID Protocol, a platform providing solutions for depositing liquidity into Uniswap, told Cointelegraph that all DeFi projects follow a hype cycle with ups and downs.
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First Mover: Bitcoin Tops $17K as Scaramucci Makes Entrée, Ethereum Meets Rival
Nov 17 · CoinDesk · Bitcoin climbed above topped $17,000 early Tuesday for the first time since January 2018, pushing this year’s remarkable rally to 137% on a year-to-date basis.
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Balaji Srinivasan, HashKey Back $2M Round in Twitter Privacy Tool Mask Network
Nov 17 · CoinDesk · Mask Network, the protocol that allows users to send encrypted messages, cryptocurrencies and even dapps over Twitter and Facebook, announced a $2 million funding round Tuesday co-led by HashKey and Hash Global.
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Some loans on Maker are never liquidated, prompting debt auction overhaul
Nov 16 · The Cointelegraph · The Maker community is looking for solutions after an analysis by B.Protocol suggests that it is possible to exploit the liquidation system to create under-collateralized debt.
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Some loans on Maker are never liquidated, prompting debt auction overhaul
Nov 16 · Coin Telegraph · The Maker (MKR) community is looking for solutions after an analysis by B.Protocol suggested that it is possible to exploit the liquidation system to create under-collateralized debt.
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