Maker (MKR) Is Live on CoinLoan

UpdateSep 29, 2021
Maker (MKR) Is Live on CoinLoan

Today we have added support for Maker (MKR). You can start making deposits now.

What Is Maker (MKR)?

Maker was launched in December 2017. Four years later, in 2021, it reached a market capitalization of $3.28B, joined the list of top 50 currencies. The Maker token is a governance token used for governing and recapitalizing the Maker protocol. Holders can alter protocol's system parameters through voting.

The Maker protocol works similarly to a bank. It provides loans and charges interest on borrowings and savings denominated in its native stablecoin, DAI. There's no need for KYC or credit history checks with Maker: loan approval happens automatically via smart contracts without any human involvement.

What You Can Do with MKR on CoinLoan

  • Instant Loan — use MKR as collateral and get an automatically approved loan in EUR, GBP, BTC, WBTC, USDT, USDC, BUSD, TUSD, PAX;
  • Interest Account — earn 1% APY by depositing MKR in the CoinLoan Interest Account. Make it 2% more with CLT;
  • Crypto Exchange — easily buy or sell MKR on CoinLoan, enjoy one of the best rates on the market.

What asset should be next to appear on CoinLoan? Don't hesitate to share your suggestions with us on our social media: Telegram, Twitter, or Reddit. We will be happy to consider them!

Disclaimer:

The information provided by CoinLoan (“we,” “us,” or “our”) in this text is for general informational purposes only. All investment and financial opinions expressed by CoinLoan in this text are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information in this text.

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