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 2.5% compounding interest.
- Earn interest 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.
