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AI-generated analysis only. Not financial advice.
Dear SharLife Team,
We have been closely following your reviews of cryptocurrencies from various countries around the world. We would like to ask that you remain independent from governmental institutions, including those in Malaysia. When reviewing cryptocurrencies, please refrain from mentioning the Securities Commission of Malaysia.
Kind regards, Firnas
MakerDAO is an open-source project and Decentralized Autonomous Organization (DAO) on the Ethereum blockchain, launched in 2014, that governs the Maker Protocol and the DAI stablecoin. Managed by MKR token holders through a system of Executive Voting and Governance Polling, MKR provides voting rights proportional to the amount staked, allowing participants to influence the protocol's development and financial risk management to maintain DAI's stability. Initially conceived in 2015 and fully launched in 2017, MakerDAO is a pioneer in the decentralized finance (DeFi) space, aiming to create community-managed financial products with a stable value soft-pegged to the US dollar. While MKR tokens do not yield dividends, their value is expected to rise with the success of DAI, and the system is subject to audits by certified firms to ensure security and compliance.
The Maker Protocol
Hello, is it permissible to invest in mkr cryptocurrency to keep and trade? Or haram?