Maker (MKR) allows governance inside the MakerDAO organization and Maker Protocol, which are both protocols on Ethereum that allow users to manage the DAI stablecoin. Maker has played an important role in the development of DAI, a decentralized cryptocurrency whose value is linked to the US dollar. Unlike some cryptocurrencies which distribute rewards, MKR tokens grant holders voting rights over Maker Protocol's development.
If you’re holding MKR, the governance token of the MakerDAO ecosystem, choosing the right wallet is crucial for security, convenience, and maximizing your crypto potential. A reliable wallet not only safeguards your MKR tokens but also allows you to seamlessly participate in MakerDAO’s decentralized governance, vote on proposals, and earn rewards. Look for wallets that support Ethereum-based tokens like MKR, offering features such as staking, swapping, and integration with decentralized applications (dApps).
You can view, swap, send and receive MKR tokens directly from your MEW Wallet. To receive your MKR tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the MKR token information page. You can send your MKR tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your MKR tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.