MKR token
Overview
MKR serves as the governance token for the MakerDAO protocol, a decentralised finance system responsible for the DAI stablecoin. Token holders participate in voting on protocol settings and risk-related matters. Additionally, MKR functions as a backstop mechanism: in the event of undercollateralisation, additional MKR is created and sold to restore the protocol's capitalisation.
Within The Counterparty graph, MKR connects to 5 tracked entities, most strongly to SKY, SKY, MakerDAO / Sky.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
replaced_by | SKY | 95% |
replaces | SKY | 95% |
supports_token | MakerDAO / Sky | 95% |
issued_by | Sky DAO | 95% |
deployed_on | Ethereum | 85% |
Frequently asked questions
What is MKR?
MKR is a token tracked in The Counterparty knowledge graph. It is connected to 5 other tracked entities, most strongly to SKY, SKY, MakerDAO / Sky.
What type of entity is MKR?
MKR is classified as a token (token) in The Counterparty knowledge graph.
What is MKR connected to?
In The Counterparty knowledge graph, MKR is linked to 5 other tracked entities, most strongly to SKY, SKY, MakerDAO / Sky.