What is MKR used for?

The MKR coin is a Governance token of MakerDAO, meaning that holders of the coin are able to propose policies and changes to help develop the system in a better direction or vote on others’ proposals. These proposals may be related to interest rate adjustment, or even a request for a new addition of coins. This systematic function is upon the basis of being a Decentralized Autonomous Organization (DAO) as it allows all users in the system to have the power to make big systematic changes.

Moreover, the MKR coin is also a Utility token that is used for interest rates in the process of depositing-withdrawing funds on the Marker Protocol platform.