The Maker Protocol is an Ethereum-based decentralized application (dApp) wherein users can generate Dai, a decentralized stablecoin backed by crypto assets such as ETH and USDC.
Its governing body, MakerDAO, is a Decentralized Autonomous Organization (DAO) with a goal to minimize the price volatility of its Dai stablecoin against the US Dollar (USD). Holders of the MKR governance token can vote on proposals to make changes within the protocol.
Coins.ph has recently supported the MKR token along with AAVE and UNI to our continuously growing roster of ERC-20 tokens.
For more information on ERC-20 tokens, you may visit our FAQ section here.