What is Maker (MKR)?
MKR is the native token of the Maker platform and serves as a governance token among other things. MKR is a product from the Ethereum network, making it a non-minable ERC-20 token. Within the Maker system, MKR is used for transaction fees in addition to collateral. As mentioned earlier, holders of MKR are also gifted the ability to vote for changes on the platform.
Since bad governance ends up devaluing the value of MKR, MKR owners are then incentives to vote for an outcome that benefits the entire system. MKR is the backbone of a fully democratic and decentralized community that is apart of the larger blockchain technology industry. Aside from just holding MKR, there are other ways to profit from this token, like on YouHodler for example.
How to earn interest on MKR crypto
Earning interest on YouHodler is a quick and simple solution to earn a passive income. Here’s how to get started in just four steps:
- Sign up on YouHodler.com (or sign in if you’ve done so already)
- Deposit MKR to your private MKR wallet
- Watch your MKR earn 2.53% APY.
- Earn MKR payments every seven days. Interest payments are made in MKR.
Why should I use YouHodler? Can I trust you?
YouHodler values trust, transparency, and convenience. Our mission is to give users a safe and secure environment that helps you store and multiply your portfolio with our wide array of tools. We use only industry best practices when it comes to crypto storage and security. In addition, we have $150 million pooled crime insurance via Ledger Vault. If you want to take security into your own hands, you are free to use our 2 factor and 3-factor authentication tools for maximum security. It is in our best interest to keep your funds safe and we take it extremely seriously so you spend less time worrying and more time earning.
MKR saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your Maker (MKR) just like you would in a regular wallet but in addition, earn interest on that MKR wallet balance every week.
How does Maker interest work
You can earn interest on MKR just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 2.53% interest on Maker.
How to Earn Free MKR
It’s easy! Just deposit MKR to your YouHodler wallet and you’ll earn free MKR every week.
How to Get Free MKR
Interest payments occur every seven days. So you’ll get your free MKR a week after your first deposit.
Cumulative Interest MKR
Yes, you have cumulative interest if you HODL MKR in the wallet. We calculate compound interest rates every week.
MKR APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more MKR at the end of the year due to this cumulative interest.
MKR Savings Calculator
Just use our MKR Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.