MKR Token Research and Analysis Report
1. Overview of MKR Token
MKR is the governance token of MakerDAO, which is a decentralized autonomous organization (DAO) primarily managing the stablecoin DAI (now renamed USDS) in a decentralized manner. MKR grants holders the right to participate in platform governance, including voting on collateral types and adjusting collateral rates. The total issuance of MKR is 1 million tokens, with a current circulation of approximately 977,600 tokens.
2. Fundamental Analysis
1. Project Background and Positioning
MakerDAO is one of the pioneering projects in the DeFi space, allowing users to mint DAI stablecoins using multiple crypto assets as collateral through its Multi-Collateral DAI (MCD) system. Its governance mechanism and technological innovations position it prominently within the DeFi ecosystem.