MKR - a governance token

Maker, or MKR, is the governance token that supports the first "stablecoin" on Ethereum, called DAI. Maker’s protocol is called MakerDAO, which stands for Maker Decentralized Autonomous Organization.

MKR details

MKR tokens are minted or burned depending on price fluctuations. They also allow their holders to participate directly in the process of governing DAI. Each person who holds Maker tokens can vote on a number of changes that can be done to the Maker Protocol. Their voting power depends on the size of their MKR stake.