What makes MKR Token special?
The MKR token is special because it is a governance token for the MakerDAO system, playing a crucial role in managing and stabilizing the Maker Protocol and its associated stablecoin, DAI. Holders of MKR have voting rights on important decisions within the protocol, such as risk management and development proposals, and MKR is used in a unique system of financial incentives and deterrents: it is burned or created to help stabilize the value of DAI in response to market fluctuations. This dynamic mechanism not only gives MKR a pivotal role in the ecosystem's governance but also ties its value directly to the success and efficiency of the MakerDAO system.