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Maker (MKR) is the governance token of the MakerDAO and Maker Protocol, which are both built on the Ethereum blockchain and allow users to create and control the DAI stablecoin.MKR and DAI are the two tokens used by MakerDAO. The DAI is a stablecoin and a new form of financial system that aims to give an alternative to more volatile cryptocurrencies. Meanwhile, the MKR is utilized to keep the DAI stable. To make a cryptocurrency stable, traditional stablecoins employ reserves of fiat currencies or even gold to peg it to the value of these real-world assets. However, this has proven to be difficult. The MKR token is used by MakerDAO to act as a hedge against price swings.The value proposition of MKR is that it allows its holders to directly participate in the governance of DAI. Every MKR holder has the right to vote on a variety of modifications to the Maker Protocol, with the size of their MKR holding determining their voting power.