Maker wallet

What is Maker (MKR)?

MKR is the governance token behind the Maker protocol, the system that issues the DAI stablecoin against crypto collateral. Its role is not decorative: MKR holders vote on the parameters that keep DAI near a dollar - which collateral types are accepted, at what ratios, what the stability fees are. The token is also the system's backstop, minted to cover a shortfall if liquidations fail to clear the debt, and burned when the protocol takes in surplus. That is why MKR has no fixed, printed-once supply the way most tokens do: it expands and contracts with the health of the system it governs.

MKR is native to Ethereum as an ERC-20. What appears on other chains is a bridged representation - the same name and ticker, but a wrapped token held in place by a bridge contract, not the Ethereum original. Governance happens on Ethereum. A bridged MKR sitting on another network cannot be used to vote until it comes back.

One more thing a holder should know: MKR is divisible like any ERC-20, so fractions are normal. The high unit price leads people to assume whole tokens only, and it is a common source of confusion when reading a balance.

Supported networks in Tangem (4): Ethereum, BNB Smart Chain, Avalanche, Polygon POS.

A governance token is a key you use rarely and hold for a long time. Tangem generates that key inside the card's chip and it never comes out; a second identical card, kept somewhere else, is what restores access if the first is lost, and a seed phrase remains an option rather than a requirement. Few assets fit that pattern as squarely as MKR does.