Tag: MakerDAO
Decentralized stablecoins could dominate crypto: MakerDAO founder
Decentralized stablecoins may eventually dominate the stablecoin market, so long as crypto “ends up living up to its potential,” says Rune Christensen [...]
Multibillion Dollar Oracle Tool Chronicle To Expand Outside of MakerDAO Ecosystem
Chronicle will feature a dashboard that users can access to track the origin of any required data - which developers say will ensure on-chain data tra [...]
MakerDAO co-founder proposes fork of Solana codebase for native chain
MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Sola [...]
MakerDAO Should Use Solana’s Code to Build Its New Blockchain, Co-Founder Says
Some community members have already pushed back against the idea.
www.coindesk.com [...]
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 [...]
MakerDAO Votes to Halt Lending to Tokenized Credit Pool After $2M Loan Default
The embattled Harbour Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2 [...]
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 Paves Way for Additional $1.28B U.S. Treasury Purchase
The protocol’s community voted for onboarding a new real-world asset vault that would invest up to the additional amount in U.S. Treasury bonds.
www. [...]
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 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 publishes 5-phase roadmap featuring funding for open-source AI projects
MakerDAO, the organization behind the DAI stablecoin and its related MKR governance token, recently announced a slew of planned updates to its ecosyst [...]