Maker
MKR
#63
Learn more about Maker!
Maker (MKR): Governing the World’s First Decentralized Stablecoin Platform
Maker (MKR) is the governance token of MakerDAO, the pioneering protocol behind Dai (DAI)—one of the earliest and most recognized decentralized stablecoins in the crypto market. Built on the Ethereum blockchain, MakerDAO introduced a system where users could lock up collateral (such as ETH) to generate Dai, maintaining a 1:1 peg with the US dollar. This innovative approach balances algorithmic and collateralized mechanisms to keep Dai’s price steady without relying on traditional banks or fully centralized entities.
As a governance token, MKR plays a pivotal role in MakerDAO’s decision-making process. Holders can propose and vote on changes to the protocol, such as adjusting collateralization ratios, adding new collateral types, and updating stability fees. This decentralized governance model ensures that the community actively shapes the platform’s evolution, maintaining transparency and reducing single points of failure. Additionally, MKR’s supply can be burned when the system accrues surplus, making it a deflationary asset if the protocol runs efficiently.
Beyond DAI’s stability mechanism, MakerDAO’s ecosystem has expanded across the broader DeFi landscape. Dai serves as a widely accepted stablecoin in various lending, borrowing, and trading protocols, while MKR holders bear responsibility for overseeing the system’s solvency.
How to buy Maker in Paraguay?
How to Buy Maker (MKR) on X4T
- Create an X4T Account
- Sign up on our platform and complete KYC verification to access secure trading.
- Fund Your Wallet
- Onramp cash or use a bank transfer to get USDT/USDC in your X4T Wallet. These stablecoins will serve as your base currency for buying MKR.
- Acquire MKR
- Head to the X4T Trade Page, locate Maker (MKR), and input the amount you want to purchase. Confirm your transaction to finalize the order.
- Store or Withdraw
- Keep MKR in your X4T Wallet for ready trading access. If you prefer external storage, you can withdraw it to platforms like Binance or a hardware wallet (e.g., Ledger) for greater control.
For a deeper dive into the deposit process, trading steps, and security measures, consult our central “How to Buy” page. There, you’ll find everything you need to confidently add Maker (MKR) to your crypto holdings on X4T.
