Maker (MKR)

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Truth and facts[edit]

  • Dai is a decentralized stablecoin.
  • Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
  • With Dai, anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power.
  • Maker (MKR) holders govern Dai.
  • Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token, the Dai, against the U.S. Dollar.


  • The next generation of financial applications become possible with a stable digital currency.
  • Maker and Dai officially launched on the Ethereum Mainnet on 17 Dec 2017.


  • The official ticker symbol for Maker token: MKR
  • Token type: ERC20
  • Total token supply: 1,000,000 MKR
  • Circulating Supply: 618,228 MKR

Video Playlist[edit]

Introduction to the Dai Stablecoin System

00:00 Money, we all use it, but what is it?
00:06 We carry around, we exchange it for the stuffs we need, and keep some bucks for rainy day.
00:11 We trust that one piece of money is the same as any other, and we hope what we have today is not worth less than it was yesterday.
00:20 If money happens to perform so many different functions, it's no surprise that it has taken on so many forms.
00:28 As money evolves, we arrive at Bitcoin.
00:33 Created without a central authority, it's less vulnerable to issuance corruption to standard fiat money.
00:36 With it's unique permission-less nature, it redefines what money is, what it can do.
00:44 It's not quite perfect money. Bitcoin fixed price creates speculative investment.
00:50 And with that, a money with high degree of volatility.
00:55 Dai, is the solution to that volatility, a cryptocurrency using collateral to back its value, and interest rate mechanism to stabilize it's prize.
01:06 Dai created by locking collateral to maker, a decentralized platform on the Ethereum platform.
01:13 Together, currency characterization and interest rate adjustment ensures Dai has low volatility against its external reference point, the US dollar.
01:23 Dai, the next step in money evolution. Portable, stable, tradable, valuable, durable and fungible.


List of exchanges, trading platform and marketplaces to trade, buy and sell Maker (MKR).


  • List of supported wallets for Maker (MKR).


List of development timeline, roadmap, events and milestones on Maker (MKR).

Team members[edit]

  • The Dai Stablecoin System was developed by Maker. Our team consists of developers, economists and designers from all over the world. Our decentralized autonomous organization is governed by our token holders.
  • List of team members in Maker (MKR).
Official list of team members
Name Position Details
Rune Christensen CEO
Andy Milenius CTO
Matt Richards President
Nikolai Mushegian Chief Scientist
Soren Peter Nielsen Head of Product
Greg Diprisco Business Development Lead
Jacek Czarnecki General Counsel
Chris Padovano Counsel, Americas
David Currin Product Architect
James Reidy Sysadmin and Liquidity Developer
Daniel Brockman Smart Contract Developer
Mikael Brockman Smart Contract Developer
Mariano Conti Developer
Gonzalo Balabasquer Developer
Ryan Casey Developer
Thomas Pulber Front End Developer
Georgi Georgiev Developer
Fernando Tiberti Front End Developer
Robert Horvath Developer
Niklas Kunkel Developer
Sean Brennan Developer
Arek Szaleniec Developer
Shannon Wu Marketing Advisor
Andrew Bryan Risk Management Researcher
Michael McDonald Analytics
Wouter Kampmann Integrations PM
Lev Livnev Economic Research Lead
Tyler Sorensen Technical Account Manager
Jack Ek Formal Verification Researcher
Denis Erfurt Formal Verification Researcher
Martin Lundfall Formal Verification Researcher
Jessica Salomon Community Manager
Jocelyn Chang APAC Community Manager
Haley Jensen Intern


  • List of advisors for Maker (MKR).


  • List of partners, supporters and investors for Maker (MKR).

White papers[edit]

Bounty programs[edit]

Frequently asked questions[edit]