Maker (MKR) is a permission-less lending platform built on the Ethereum blockchain and is accredited with DAI's creation - its USD pegged cryptocurrency.
Maker is a decentralized credit platform that functions both as a governance token and a cryptocurrency. This autonomous entity focuses on minimizing the price volatility of dai concerning the USD. Users can take loans autonomously and stake Ethereum (or other digital assets) as collateral, thereby creating CDPs (Collateralized Debt Positions) to generate DAI.
