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What does maker mean

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maker what does it mean? Maker is the governance token of the Maker agreement. Users can obtain the governance token MKR by participating in the Maker agreement and pledging assets. Users holding MKR in Maker can delegate voting rights to members of their choice. If more people contribute to the proposal, Maker will provide corresponding rewards to these members as required (such as borrowing funds from the DAI/USDC pool), but without this incentive mechanism, Maker cannot bring much impact to them The current Maker protocol is divided into two stages: the first stage is initial liquidity mining; The second stage is the Maker agreement for risk-free and variable income farming What does

maker mean?

Maker is a decentralized automated Market maker (AMM) protocol, which allows users to earn transaction costs by automatically providing liquidity, and can complete transactions without the participation of a third party. The essence of Maker is an order book type automatic Market maker (DCM), which is characterized by matching and settling transactions without trust, and can save costs while ensuring fairness and security. Therefore, Maker’s goal is actually to attract more people to join and serve the DeFi field.

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