Maker Buy Token

www.makerdao.com

Total Value Locked

$1.37B

USD Locked

$1.37B

ETH Supply Locked

2,549,336.90

Blockchain

Ethereum

Change

1.61%

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
  • 05 Aug 2020
  • TVL USD $1,353,221,553
  • TVL Change $4,221,957.00
  • Total ETH Locked 2,541,773 ETH
  • ETH Locked 1d 1,603.60 ETH
  • 04 Aug 2020
  • TVL USD $1,348,999,596
  • TVL Change $87,811,739.00
  • Total ETH Locked 2,540,169 ETH
  • ETH Locked 1d -7,425.24 ETH
  • 03 Aug 2020
  • TVL USD $1,261,187,857
  • TVL Change $-20,409,812.00
  • Total ETH Locked 2,547,594 ETH
  • ETH Locked 1d 12,872.54 ETH
  • 02 Aug 2020
  • TVL USD $1,281,597,669
  • TVL Change $70,300,880.00
  • Total ETH Locked 2,534,722 ETH
  • ETH Locked 1d -23,867.54 ETH
  • 01 Aug 2020
  • TVL USD $1,211,296,789
  • TVL Change $105,525,665.00
  • Total ETH Locked 2,558,589 ETH
  • ETH Locked 1d 61,410.32 ETH
  • 31 Jul 2020
  • TVL USD $1,105,771,124
  • TVL Change $46,195,345.00
  • Total ETH Locked 2,497,179 ETH
  • ETH Locked 1d 14,764.86 ETH
  • 30 Jul 2020
  • TVL USD $1,059,575,779
  • TVL Change $33,903,398.00
  • Total ETH Locked 2,482,414 ETH
  • ETH Locked 1d 87,166.38 ETH
  • 29 Jul 2020
  • TVL USD $1,025,672,381
  • TVL Change $8,528,073.00
  • Total ETH Locked 2,395,248 ETH
  • ETH Locked 1d -2,007.80 ETH
  • 28 Jul 2020
  • TVL USD $1,017,144,308
  • TVL Change $46,851,040.00
  • Total ETH Locked 2,397,256 ETH
  • ETH Locked 1d 27,703.62 ETH
  • 27 Jul 2020
  • TVL USD $970,293,268
  • TVL Change $86,958,152.00
  • Total ETH Locked 2,369,552 ETH
  • ETH Locked 1d -22,485.02 ETH
  • 26 Jul 2020
  • TVL USD $883,335,116
  • TVL Change $69,095,796.00
  • Total ETH Locked 2,392,037 ETH
  • ETH Locked 1d 16,439.80 ETH
  • 25 Jul 2020
  • TVL USD $814,239,320
  • TVL Change $50,393,128.00
  • Total ETH Locked 2,375,597 ETH
  • ETH Locked 1d 59,676.72 ETH
  • 24 Jul 2020
  • TVL USD $763,846,192
  • TVL Change $106,533,754.00
  • Total ETH Locked 2,315,920 ETH
  • ETH Locked 1d 85,296.57 ETH
  • 23 Jul 2020
  • TVL USD $657,312,438
  • TVL Change $13,693,597.00
  • Total ETH Locked 2,230,624 ETH
  • ETH Locked 1d 134,696.49 ETH
  • 22 Jul 2020
  • TVL USD $643,618,841
  • TVL Change $17,181,178.00
  • Total ETH Locked 2,095,927 ETH
  • ETH Locked 1d 24,408.12 ETH
  • 21 Jul 2020
  • TVL USD $626,437,663
  • TVL Change $-28,275,680.00
  • Total ETH Locked 2,071,519 ETH
  • ETH Locked 1d -19,025.99 ETH
  • 20 Jul 2020
  • TVL USD $654,713,343
  • TVL Change $4,311,286.00
  • Total ETH Locked 2,090,545 ETH
  • ETH Locked 1d 45,782.85 ETH
  • 19 Jul 2020
  • TVL USD $650,402,057
  • TVL Change $7,571,662.00
  • Total ETH Locked 2,044,762 ETH
  • ETH Locked 1d 18,961.62 ETH
  • 18 Jul 2020
  • TVL USD $642,830,395
  • TVL Change $14,324,223.00
  • Total ETH Locked 2,025,801 ETH
  • ETH Locked 1d 7,081.81 ETH
  • 17 Jul 2020
  • TVL USD $628,506,172
  • TVL Change $-3,843,336.00
  • Total ETH Locked 2,018,719 ETH
  • ETH Locked 1d 18,089.19 ETH