Maker is one of the largest protocols in the decentralized finance (DeFi) led by a community of token holders, or decentralized autonomous organization (DAO). Those who hold MKR tokens can participate in decision-making and vote on proposals. The protocol manages over $7 billion of crypto and real-world assets (RWA) including U.S. Treasuries and issues the third largest stablecoin on the market, the $5 billion DAI.
Source: https://www.coindesk.com/business/2024/08/13/asset-manager-grayscale-introduces-crypto-fund-for-makerdaos-mkr/?utm_medium=referral&utm_source=rss&utm_campaign=headlines