I came here because I was confused about the makerdao.
Some materials say that MKR is used as a fee, which I do not understand. Then, does the user have to separately purchase MKR as a fee? I wonder if they are still using that method.
In addition, I have a question on the makerburn site.
It was liquidated and I don’t know how to interpret this.
Is the borrower’s vault total assets 8.94 ETH, of which 7.11 ETH was liquidated?
Or is the vault’s total assets unknown and 8.94 ETH was auctioned off, of which only 7.11 ETH was sold?
I like Maker, but it’s too difficult. Any help would be appreciated.