Maker (MKR) serves as the governance token for MakerDAO and the Maker Protocol, both decentralized entities operating on the Ethereum blockchain. These platforms enable users to create and oversee the DAI stablecoin. Conceived in 2015 and fully operational since December 2017, Maker is dedicated to managing DAI, a decentralized cryptocurrency managed by the community and designed to maintain a stable value pegged to the US dollar. MKR tokens function as voting shares within the organization overseeing DAI. While they do not offer dividends, MKR holders possess voting rights concerning the development of the Maker Protocol. The value of MKR tokens is expected to appreciate in tandem with the success of DAI. The Maker ecosystem represents one of the earliest entrants in the decentralized finance (DeFi) space. DeFi is an industry focused on creating decentralized financial products using smart contract-enabled blockchains like Ethereum.