Maker, or MKR, is a unique kind of digital token that plays a crucial role in managing the MakerDAO and its stablecoin, DAI. Imagine having a say in how a bank is run; that's what holding MKR allows you to do in the world of decentralised finance (DeFi). MKR is not just a cryptocurrency; it's a tool for governance that lets holders vote on important decisions affecting the DAI stablecoin, like savings rates and risk parameters.