Maker MKR

An ERC-20 token that is native to the Maker Protocol
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MKR is the governance token and recapitalization source of the Maker Protocol. As a governance token, MKR is used by its holders to vote on a number of different things. Voting is used to execute changes to parameters inside of the Maker Protocol like Stability Fees, the DSR, Debt Ceilings, and many others. Voting is also used to make decisions on the non-technical aspects of the protocol like asset priority lists, governance processes, role mandates, and even electing individuals to fill specific roles. The token also acts as a source of recapitalization when the Maker Protocol runs at a deficit. The possibility of MKR token supply Dilution gives holders a strong incentive to govern the system well. Inversely, the destruction of MKR through the auctioning of Dai from the system’s excess surplus further incentivizes holders to govern the system well.

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Users Surge but Just Five DeFi Projects Account For 94% of Locked Funds
Jul 08 · Coin Telegraph · The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January.
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“Everything will Move to Confidential DeFi” Beam’s CEO Says
Jul 04 · The Cointelegraph · On June 29th, major privacy cryptocurrency Beam underwent a hard fork to enable "Confidential DeFi" on Beam.
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Bitcoin and Ethereum Are a DeFi Double Act
Jul 03 · CoinDesk · The data simultaneously highlight that bitcoin is the crypto universe’s reserve asset and that Ethereum’s burgeoning “DeFi” ecosystem is crypto’s go-to platform for generating credit and facilitating fluid exchange.
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Play2Earn: How Blockchain Can Power a Paradigm Shift in Building Game Economies –
Jun 27 · The Cointelegraph · This model entails giving the game’s base experience away for free and then monetizing the player base through ads and in-app purchases, referred to as “microtransactions”.
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Jun 26 · CoinDesk · On June 19, Synthetix joined the Ren Project and BitGo in creating a pool of bitcoin-backed tokens, for smooth liquidity between three crypto products that should be all but interchangeable.
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