#MKRUSDT or Maker, is a utility and governance token for the Maker protocol, which enables the creation and management of the DAI stablecoin pegged to the US dollar. MKR holders can vote on decisions regarding the protocol and the use of DAI.
Governance token:
MKR gives its holders the power to influence the future of MakerDAO and the Maker Protocol by voting on proposals and changes in the system.
Used to pay fees:
MKR is used to pay the fees generated by the creation of DAI through collateralized debt positions (CDP).
Limited supply:
The total supply of MKR is limited to 1 million tokens.