MAKE
Crypto Overview
Overview
Make (MAKE) is a cryptocurrency token associated with the MakerDAO protocol, a decentralized autonomous organization (DAO) enabling governance over the DAI stablecoin ecosystem.
Purpose and Utility
The primary utility of MAKE tokens is governance, allowing holders to vote on protocol changes and risk parameters within the MakerDAO system. Token holders can participate in decision-making regarding collateral types, stability fees, and other system parameters.
Business Model Evaluation
MakerDAO's core business model involves lending and the creation of interest-bearing debt positions, which are fundamental aspects of the protocol. The system relies on collateralized debt positions (CDPs) to mint DAI stablecoins, with users paying stability fees (effectively interest) on their borrowed positions.
Real-World Adoption
The protocol has significant adoption in the DeFi ecosystem, with billions in Total Value Locked (TVL) and active participation in governance decisions. The MAKE token is actively used for its intended governance purpose, with regular proposal voting and system parameter adjustments.
Development Activity
MakerDAO maintains active development with regular updates, protocol improvements, and a strong developer community. The project demonstrates ongoing commitment to technical advancement and system optimization.
Crypto Impact
To assign a comfort level investing in MAKE from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MAKE.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.