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What is a Maker coin?

  • Maker (MKR) is the governance token of the MakerDAO and Maker Protocol. It is one of the earliest decentralized cryptocurrency and a software platform. Maker based on the Ethereum blockchain. That allows users to issue and manage the DAI stablecoin.

What is an MKR Loan?

  • A Maker loan is the loan borrowed against Maker cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Maker to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit MKR lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.

Learn more about Maker Loans

How to get an instant loan using your Maker?How to earn interest on Stablecoins?What types of crypto loans are there and how can I profit from it?

FAQ

What is Maker used for?IconPlus
Maker (MKR) is a smart contract platform built on the Ethereum blockchain. That aims to solve volatility issues for the crypto market. It is the foundation for a new-generation blockchain-based banking system that allows for faster and simpler global payments and peer-to-peer transactions
Why should you consider an MKR loan?IconPlus
According to the Maker crypto potential growth the cryptocurrency believers can use MKR loans for the long-term and short-term periods. The main straights of the Maker coin:
- MakerDAO has been the most widely used and one of the longest-running projects in Ethereum’s DeFi ecosystem
- Major decisions like protocol upgrades are made by MakerDAO, a decentralized autonomous organization (DAO) made up of MKR token holders
How does Maker loan work?IconPlus
Maker lending is a service that issues loans with Maker cryptocurrency collateral for a yearly interest. The interest can vary from 10% up to 18% and more. There is no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your Maker loan.
How quickly can I get a crypto loan? How quickly will you refund me the collateral? IconPlus
Usually, getting an instant MKR loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Maker transaction. The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.
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