The Maker ecosystem is one of the earliest projects in the decentralized finance (DeFi) scene. Maker (MKR) is the token of MakerDAO and the Maker Protocol (a decentralized organization and platform based on the Ethereum blockchain).
Originally created in 2015 and launched in December 2017, Maker is a project whose task is to operate DAI. DAI is a decentralized cryptocurrency whose value is stable and its exchange rate is pegged to the US dollar. As of October 2020, DAI is one of the most popular stablecoins.
Its appeal lies in the fact that it allows owners to directly participate in the management of the DAI. It is true that no dividends are paid, but all token owners can exercise their voting rights, the influence of which depends on who owns the MKR token. This ability for anyone to participate and make decisions about a stablecoin greatly affects its value. Thus, the offer of MKR is constantly changing, which depends on market conditions and the general state of the DAI ecosystem.
With MakerDAO's latest launch, it can become another source of growth for the current $60 billion DeFi industry: it can start lending in competition with banks and other financiers, involving in the process all assets that operate in the normal lending system, including residential real estate.