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What are Maker MKR

Maker MKR is the proprietary token for Maker, and it is backed by Ether rather than fiat currency. This is the basis of a simple banking system built on blockchain technology that allows for simpler international payments and peer-to-peer transfers. DAI is a stablecoin designed along fractional reserve banking ideals and linked to the Maker MKR. Simply put, it’s a safe haven that should avoid the volatility of the main market.