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

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!