Maker Buy Token

www.makerdao.com

Total Value Locked

$19.80B

USD Locked

$19.80B

ETH Supply Locked

2,720,017.28

Blockchain

Ethereum

Change

-1.05%

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
  • 02 Dec 2021
  • TVL USD $19,804,072,460
  • TVL Change $-68,296,154.00
  • Total ETH Locked 2,719,975 ETH
  • ETH Locked 1d 5,554.81 ETH
  • 01 Dec 2021
  • TVL USD $19,872,368,614
  • TVL Change $575,114,492.00
  • Total ETH Locked 2,714,420 ETH
  • ETH Locked 1d 2,745.97 ETH
  • 30 Nov 2021
  • TVL USD $19,297,254,122
  • TVL Change $448,189,355.00
  • Total ETH Locked 2,711,674 ETH
  • ETH Locked 1d -374.01 ETH
  • 29 Nov 2021
  • TVL USD $18,849,064,767
  • TVL Change $791,835,583.00
  • Total ETH Locked 2,712,048 ETH
  • ETH Locked 1d 1,395.74 ETH
  • 28 Nov 2021
  • TVL USD $18,057,229,184
  • TVL Change $219,295,574.00
  • Total ETH Locked 2,710,652 ETH
  • ETH Locked 1d 569.30 ETH
  • 27 Nov 2021
  • TVL USD $17,837,933,610
  • TVL Change $-1,398,937,552.00
  • Total ETH Locked 2,710,083 ETH
  • ETH Locked 1d 8,605.09 ETH
  • 26 Nov 2021
  • TVL USD $19,236,871,162
  • TVL Change $812,589,728.00
  • Total ETH Locked 2,701,478 ETH
  • ETH Locked 1d -1,486.56 ETH
  • 25 Nov 2021
  • TVL USD $18,424,281,434
  • TVL Change $52,821,651.00
  • Total ETH Locked 2,702,964 ETH
  • ETH Locked 1d 1,352.47 ETH
  • 24 Nov 2021
  • TVL USD $18,371,459,783
  • TVL Change $73,931,037.00
  • Total ETH Locked 2,701,612 ETH
  • ETH Locked 1d 2,283.83 ETH
  • 23 Nov 2021
  • TVL USD $18,297,528,746
  • TVL Change $-73,444,791.00
  • Total ETH Locked 2,699,328 ETH
  • ETH Locked 1d -16,473.32 ETH
  • 22 Nov 2021
  • TVL USD $18,370,973,537
  • TVL Change $52,997,241.00
  • Total ETH Locked 2,715,801 ETH
  • ETH Locked 1d -1,294.00 ETH
  • 21 Nov 2021
  • TVL USD $18,317,976,296
  • TVL Change $37,184,617.00
  • Total ETH Locked 2,717,095 ETH
  • ETH Locked 1d 224.41 ETH
  • 20 Nov 2021
  • TVL USD $18,280,791,679
  • TVL Change $179,673,704.00
  • Total ETH Locked 2,716,871 ETH
  • ETH Locked 1d 565.94 ETH
  • 19 Nov 2021
  • TVL USD $18,101,117,975
  • TVL Change $69,387,511.00
  • Total ETH Locked 2,716,305 ETH
  • ETH Locked 1d -1,340.12 ETH
  • 18 Nov 2021
  • TVL USD $18,031,730,464
  • TVL Change $173,775,037.00
  • Total ETH Locked 2,717,645 ETH
  • ETH Locked 1d 2,256.15 ETH
  • 17 Nov 2021
  • TVL USD $17,857,955,427
  • TVL Change $127,687,182.00
  • Total ETH Locked 2,715,389 ETH
  • ETH Locked 1d 32,097.99 ETH
  • 16 Nov 2021
  • TVL USD $17,730,268,245
  • TVL Change $-22,349,307.00
  • Total ETH Locked 2,683,291 ETH
  • ETH Locked 1d 428.58 ETH
  • 15 Nov 2021
  • TVL USD $17,752,617,552
  • TVL Change $-70,404,756.00
  • Total ETH Locked 2,682,862 ETH
  • ETH Locked 1d -10,398.90 ETH
  • 14 Nov 2021
  • TVL USD $17,823,022,308
  • TVL Change $-61,499,914.00
  • Total ETH Locked 2,693,261 ETH
  • ETH Locked 1d -11,157.23 ETH
  • 13 Nov 2021
  • TVL USD $17,884,522,222
  • TVL Change $35,003,526.00
  • Total ETH Locked 2,704,418 ETH
  • ETH Locked 1d 9,536.80 ETH