MKR serves as the governance token for the MakerDAO and the Maker Protocol. The former operates as a decentralized organization, while the latter functions as a software platform. Together, built on the Ethereum blockchain, they empower users to create and manage the DAI stablecoin. The concept was first introduced in 2015 and came to full fruition in December 2017.

MKR Price on ReHold

The price of MKR frequently fluctuates, influenced by market supply and demand. ReHold provides real-time tracking of MKR's price using the cryptocurrency oracle, Chainlink. This system is in place to protect against concerns such as price manipulation, unexpected spikes, and slippages that can be associated with centralized exchange products.

How to Earn Passive Income on MKR

Several methods are available to generate passive income using MKR. One common approach is staking MKR to earn interest on certain cryptocurrency exchanges and wallets for a set period. However, some offers may have less attractive APRs. In contrast, ReHold's Dual Investment allows users to achieve up to 160% APR on MKR Duals.

MKR Price Prediction

Forecasting MKR's future price is complex. Its price is reflective of its utility within its platforms. As the popularity and adoption of MakerDAO and Maker Protocol grow, it's anticipated that MKR's price will correspondingly rise. Given these factors, it seems plausible for MKR to reach new record highs in the coming years, although market volatility means prices will always vary.

MKR Value

MKR token's value stems from both market supply and demand and its significance within the Maker ecosystem. As these platforms see more activity and attract more users, demand for MKR is projected to increase, which could elevate its value.

160% APR on MKR Duals

ReHold provides users with the opportunity to earn up to 160% annual interest on its platform. You can potentially earn rewards by locking your MKR tokens while you are actively engaging in the network's security protocols, and participating in decision-making processes.

How to Earn 160% APR on MKR

If you're interested in earning passive income on MKR, ReHold offers a unique DeFi-earning solution where you can earn 160% APR on pairs such as MKR/USDT, MKR/USDC, and MKR/DAI by using the innovative ReHold protocol at Dual Investments. Follow these six easy steps to get started:

Connect Your Wallet Open the ReHold App and connect your Web3 wallet. You can choose any Web3 wallet that supports BNB Chain, Polygon, Avalanche, Optimism, and Arbitrum.
Choose the MKR Dual Asset Select the dual you need: MKR/USDT, MKR/USDC, and MKR/DAI. You can start a dual investment with each token of the pair.
Choose a Staking Period Select how many hours you want to lock your tokens. The longer the staking period, the higher the yield you will receive.
Choose the Start Token Select the start token and the amount you want to invest. You can use the MKR token with the USDT, USDC, or DAI of the dual asset.
Approve the token To start a Dual Investment, you need to allow smart contracts to use your tokens. It's required only once for a selected token.
Start Your Dual Click “Start Now” to create your MKR dual and receive your reward after the staking period. That's it! After the staking period ends, you can either withdraw your assets or start a new Dual Investment. Also, if you are interested in long-term investing, you can activate the auto-replay feature, and your dual will automatically restart when the staking period ends. This will save you gas, simplify the passive income process, and increase your earnings.