2024-08-14
MakerDAO is a decentralized autonomous
organization (DAO) that operates on the Ethereum blockchain. It is is the issuer
of DAI a stablecoin.
Unlike U.S. dollar backed stablecoins,
DAI is backed by collateral in the form of various cryptocurrencies, primarily
Ethereum (ETH) and other digital assets.
MRK is the utility and governance token
of the autonomous organization MakerDAO, the token operates on the Ethereum
blockchain.
Grayscale Investments, the world’s
leading crypto asset manager, has expanded its portfolio with the launch of the
Grayscale MakerDAO Trust on August 13, 2024.
This latest addition reflects the
company's commitment to offering innovative investment products within the
rapidly growing DeFi ecosystem.
The Grayscale MakerDAO Trust is
designed to provide investors with exposure to the MKR token that operates on
the Ethereum blockchain
MakerDAO aims to remove DeFi’s
dependency on traditional finance infrastructure by providing a permissionless,
decentralized, and open stablecoin system.
With the introduction of the Grayscale
MakerDAO Trust, both individual and institutional accredited investors now have
the opportunity to tap into the potential growth of the MakerDAO ecosystem.
MRK is one of the top DeFi tokens. It
currently valued at $1.995 billion and ranks 39th largest crypto by
market cap.
By launching the Grayscale MakerDAO
Trust, Grayscale Investments reaffirms its position as a leading force of the
cryptocurrency investment firm.
