MKR (Fuse)

MKR

MKR (Fuse) is the bridged version of MKR token on Fuse network. The Maker token (MRK) is a governance token that is used to govern and recapitalize the Maker protocol. Holders of the token can participate and vote on changes to the protocol’s smart contract and system parameters such as Stability Fees and the Dai Savings Rate (DSR). Maker is a smart contract lending platform that enables users to take out loans by locking-in collateral in exchange for Dai. It was founded by the Maker Foundation in 2015 as an open-source project to offer economic freedom and opportunities to anyone, anywhere. In 2017, it launched the Maker governance token (MKR) and its first stablecoin iteration known as the Single Collateral Dai (SAI), which used Ether (ETH) as collateral.