Tag: DAI
Stablecoin Expansion Continues Even as Bitcoin (BTC) Rally Appears to Stall
However, during the same time, the cumulative supply of the top three stablecoins, tether (USDT), USD Coin (USDC), and DAI (DAI), which dominate the s [...]
Kraken to suspend trading for USDT, DAI, WBTC, WETH, and WAXL in Canada
Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November and December, according to multiple customer ema [...]
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
Dollar-pegged stablecoins are not immune to dropping their pegs but some such as Circle’s USD Coin (USDC) and MakerDAO’s Dai (DAI) have been more pron [...]
MakerDAO’s DAI Stablecoin Surpasses $5B on Higher Yield, Lifting DeFi Lender Spark Protocol
The extra payout has drastically bitten into Maker’s profits, Kunal Goel, analyst at Messari noted in a report. “Higher rates on higher deposits ballo [...]
Crypto Exchange Coinbase (COIN) Will Suspend Trading with Tether’s USDT, MakerDAO’s DAI and RAI Stablecoins in Canada
“We regularly monitor the assets on our exchange to ensure they meet our listing standards,” the note sent to users reads. “Based on our most recent r [...]
MakerDAO increases DAI yield in a bid to boost demand
A proposal seeking to temporarily increase the interest rate granted to holders of stablecoin Dai (DAI) was approved by the MakerDAO community on July [...]
MakerDAO Looks to Ignite Growth for $4.6B DAI Stablecoin with Up to 8% Reward
The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
www.coindesk.com [...]
Crypto Lender MakerDAO Boosts U.S. Treasury Holdings With $700M Purchase to Strengthen DAI Stablecoin Backing
The platform is undergoing a restructuring that includes breaking up its structure into smaller, autonomous units called SubDAOs and investing in yiel [...]
MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve
The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one an [...]
DeFi Platform MakerDAO Weighs Ditching $390M of GUSD Stablecoin from DAI Reserve
Gemini – the crypto exchange founded and run by Tyler and Cameron Winklevoss and the issuer of GUSD – pays a 2% annual reward to MakerDAO for using th [...]
MakerDAO Votes to Ditch $500 Million USDP From DAI Stablecoin Reserve
“While Paxos has raised the possibility of a marketing fee scheme, to date there has not been concrete progress towards implementing this,” per the pr [...]
MakerDAO proposal seeks to hike DAI savings rate to 3.33%
The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal seeking to increase the Dai stablecoin (DA [...]
Crypto.com adds Pay support for MATIC, USDC and DAI
Singaporean cryptocurrency exchange Crypto.com recently launched an update to its DeFi wallet service enabling support for fiat-to-crypto purchases in [...]
Crypto Lender MakerDAO Founder Proposes Upgraded Versions of DAI Stablecoin and Governance Token (MKR)
The new governance token will have a larger supply than MKR, with a 1200:1 exchange rate to MKR. It will also give access to Maker’s AI-assisted gover [...]
MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain and issues stablecoin DAI, has announced that it has launch [...]