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What is MakerDAO(Maker)?
MakerDAO is the platform behind the first decentralized stablecoin on Ethereum: Dai, providing financial services such as collateralized lending.
The Use of Maker(MKR)
MKR functions as the governance and fee token of the Dai Stablecoin Platform. It is used to vote on Dai risk parameters and used to pay stability fees by Dai generators.
Currently 38.2% in the development fund, 61.8% trading publicly on the market.
15% of the total supply is held by core team members.
For more details please refer to MakerDAO Official Website