Maker is a decentralized lending and borrowing ecosystem known for its transparency and reliability. Its features of collateralization and cheap fees make it a very popular solution for people seeking liquidity without selling any of their crypto holdings, which is great for bull markets I must say.
As one of the pioneering protocols in the DeFi movement, Maker holds a prominent position on the Ethereum blockchain as one of its biggest and most established dApps. I believe it contributes significantly to the overall liquidity in DeFi ecosystem which shows you what an important part it plays within the Defi sector. However the key external factor Maker hinges on though is the success and longevity ETH. It is only a small risk but as long as ETH remains one of the top cryptos in the space Maker should continue to have a great future.
One last point I would like to make (no pun intended) is that Maker has one of the few two-token economies I actually really support and see the value of. $MKR and its stablecoin $DAI provide a means for people all around the world to access economic autonomy which was one of the ultimate goals this industry set out to achieve. Show Less
