I think the defi movement with MakerDao/Dai, uniswap, and compound finance have eclipsed cryptokitties as the most compelling use.
I'm watching a video on it and all this financial babble about collateralized debt. This just sounds a lot like someone selling equity in their home.. only instead of getting cash they get some weird crypto.
Ok so the Dai is kept stable by users who are some how incentivized to keep its value at one dollar...
but it that fails another token called Maker comes in..
I;m sorry but this sounds over complicated and insane, almost like it was put together to baffle people into buying it because they feel stupid.
Keep researching, because Maker has been building since 2015. The more you read into it, the more you understand these design decisions and the way the system works. There's nothing overly complicated about it. You need to understand that you've likely just started thinking about crypto and blockchain design, but these guys have been living, breathing and thinking of smart contracts/blockchain since at least 2012.
You need MKR tokens for governance, like to control the interest rates as well as the price oracle whitelist. Maker is a DAO (decentralized autonomous organization).