Maker Buy Token

www.makerdao.com

Total Value Locked

$4.40B

USD Locked

$4.40B

ETH Supply Locked

2,754,560.86

Blockchain

Ethereum

Change

-2.84%

What is maker?

MakerDAO is a decentralized lending structure established on the Ethereum blockchain. The Maker platform makes use of smart contracts to automate its lending functions and support its stablecoin DAI anchored to the US dollar (USD). 

Therefore, unlike other lending and stablecoin projects, MakerDAO does not need any central company or entity to manage the overall lending process or store collateral in fiat currency to ensure DAI’s stability. 

To access, any user can deposit or send Ether (ETH or other supported tokens such as BAT) to Maker’s smart contract, creating a Collateralized Debt Positions (CDP) and generating the corresponding DAI. 

The ETH or other tokens are locked into the CDP as collateral and the generated DAI act as a debt against that collateral with the corresponding collateralization ratio (stability fee or interest rate) which is paid in Maker (MKR) when the borrowed DAI is repaid. 

The Maker token (MKR) is the governance token of the MakerDAO platform, whose value derives both from the governance role and from the collateralization ratio, paid by the borrowers who create DAI. When the DAI are repaid, the MKR used are burnt.

How to use maker?

MKR holders can vote for proposals created on smart contracts submitted by any Ethereum account interested in the MakerDAO ecosystem. The proposal with the highest number of approval votes by MKR holders is elected as an "Active Proposal" in the MakerDAO system. 

In general, users can borrow from up to 66% of the value of their collateral (collateral ratio of 150%). 

As of November 2019, an update has designated the current DAI as Multi-Collateral, i.e. collateralized by multiple assets, while the DAI collateralized only by Ethereum have become SAI - Single Collateral. 

In addition, the same month saw the introduction of the DAI Saving Rate (DSR), a savings service on the Maker protocol. 

Basically, by locking DAI on DSR, DAI holders participate in the benefits of the Saving Rate such as the 4% yield determined by Maker Governance or other services that are part of the DeFi (Decentralized Finance) ecosystem. 

Maker Historical Stats

  • Date
  • TVL (USD)
  • TVL Change
  • Total ETH Locked
  • ETH Locked 1d
  • 28 Jan 2021
  • TVL USD $4,387,783,976
  • TVL Change $-312,416,241.00
  • Total ETH Locked 2,752,774 ETH
  • ETH Locked 1d 36,704.41 ETH
  • 27 Jan 2021
  • TVL USD $4,700,200,217
  • TVL Change $131,546,764.00
  • Total ETH Locked 2,716,069 ETH
  • ETH Locked 1d -9,016.94 ETH
  • 26 Jan 2021
  • TVL USD $4,568,653,453
  • TVL Change $-131,245,979.00
  • Total ETH Locked 2,725,086 ETH
  • ETH Locked 1d 26,581.74 ETH
  • 25 Jan 2021
  • TVL USD $4,699,899,432
  • TVL Change $470,351,000.00
  • Total ETH Locked 2,698,505 ETH
  • ETH Locked 1d 17,242.98 ETH
  • 24 Jan 2021
  • TVL USD $4,229,548,432
  • TVL Change $6,866,797.00
  • Total ETH Locked 2,681,262 ETH
  • ETH Locked 1d -3,217.85 ETH
  • 23 Jan 2021
  • TVL USD $4,222,681,635
  • TVL Change $383,366,918.00
  • Total ETH Locked 2,684,480 ETH
  • ETH Locked 1d 58,859.94 ETH
  • 22 Jan 2021
  • TVL USD $3,839,314,717
  • TVL Change $-714,631,011.00
  • Total ETH Locked 2,625,620 ETH
  • ETH Locked 1d -22,445.29 ETH
  • 21 Jan 2021
  • TVL USD $4,553,945,728
  • TVL Change $-25,671,754.00
  • Total ETH Locked 2,648,065 ETH
  • ETH Locked 1d -4,620.72 ETH
  • 20 Jan 2021
  • TVL USD $4,579,617,482
  • TVL Change $256,987,227.00
  • Total ETH Locked 2,652,686 ETH
  • ETH Locked 1d -34,341.62 ETH
  • 19 Jan 2021
  • TVL USD $4,322,630,255
  • TVL Change $118,145,919.00
  • Total ETH Locked 2,687,027 ETH
  • ETH Locked 1d 31,823.07 ETH
  • 18 Jan 2021
  • TVL USD $4,204,484,336
  • TVL Change $24,569,760.00
  • Total ETH Locked 2,655,204 ETH
  • ETH Locked 1d 21,928.01 ETH
  • 17 Jan 2021
  • TVL USD $4,179,914,576
  • TVL Change $253,455,332.00
  • Total ETH Locked 2,633,276 ETH
  • ETH Locked 1d 56,102.72 ETH
  • 16 Jan 2021
  • TVL USD $3,926,459,244
  • TVL Change $-329,295,952.00
  • Total ETH Locked 2,577,173 ETH
  • ETH Locked 1d -89,773.22 ETH
  • 15 Jan 2021
  • TVL USD $4,255,755,196
  • TVL Change $273,629,290.00
  • Total ETH Locked 2,666,947 ETH
  • ETH Locked 1d 6,930.91 ETH
  • 14 Jan 2021
  • TVL USD $3,982,125,906
  • TVL Change $245,124,212.00
  • Total ETH Locked 2,660,016 ETH
  • ETH Locked 1d -6,699.32 ETH
  • 13 Jan 2021
  • TVL USD $3,737,001,694
  • TVL Change $-152,268,455.00
  • Total ETH Locked 2,666,715 ETH
  • ETH Locked 1d 7,736.19 ETH
  • 12 Jan 2021
  • TVL USD $3,889,270,149
  • TVL Change $-486,373,127.00
  • Total ETH Locked 2,658,979 ETH
  • ETH Locked 1d -1,161.71 ETH
  • 11 Jan 2021
  • TVL USD $4,375,643,276
  • TVL Change $-69,868,421.00
  • Total ETH Locked 2,660,141 ETH
  • ETH Locked 1d -16,388.87 ETH
  • 10 Jan 2021
  • TVL USD $4,445,511,697
  • TVL Change $179,764,459.00
  • Total ETH Locked 2,676,529 ETH
  • ETH Locked 1d -411.49 ETH
  • 09 Jan 2021
  • TVL USD $4,265,747,238
  • TVL Change $2,456,397.00
  • Total ETH Locked 2,676,941 ETH
  • ETH Locked 1d -550.76 ETH