Tag: Dai
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MakerDAO to Liquidate Overleveraged Vaults and Absorb $1.3M in Bad Debt
USDC, USDP and GUSD Vaults Affected
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Christensen Under Fire After MakerDAO Members Vote for His Reorganization Plan
Christensen Tells The Defiant the Endgame Plan Will ‘Overcome Fundamental Challenge’
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Winklevoss Offers MakerDAO Deal But Christensen May Be Underwhelmed
Gemini’s Offer to Deposit Stablecoin with Maker is Latest Tempting CeFi
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What Is Maker?
A Step-by-Step Guide to One of DeFi Most Influential Lending Protocols
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Coinbase Surprises MakerDAO with Pitch to Load Up on USDC
Proposal Could Change Christensen’s Bid to Lessen Reliance on Centralized Revenue
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What Is DAI?
A Step-by-Step Guide to One of DeFi’s Most Important Stablecoins
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Christensen Calls For MakerDAO to Float Stablecoin
Outspoken Founder Says U.S. Clampdown Closing ‘Window of Opportunity’ for DeFi
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MakerDAO’s Quest for ‘The One, True DAI’ Drives Development of New Feature
Maker Teleport will make it possible to instantaneously move DAI directly between select Layer 2 networks.
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CeFi Failed. DeFi Did Not. But Is That the Whole Story?
Tanks on the street. You’d be forgiven for thinking this was Ukraine. Armoured vehicles patrolling the thoroughfares of a city at war. But it’s not, it’s China. Henan province to be precise. And the tanks have been sent in to protect the local branch of a bank. One embroiled in a scandal as users were […]
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Crypto Liquidations Spike to $480M in Last 24 Hours
Margins Calls Piling Up as Three Arrows and Celsius Wobble
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Do Kwon’s Folly – Dai Was Never Going to Die. Here’s Why
“Dai is a stablecoin implemented as an ERC20 token on the Ethereum blockchain. Designed to maintain 1:1 parity with the US Dollar its value is backed by collateral which is locked up in a smart contract, the Maker collateral vault.”
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Frax Founder Pins $25B Stablecoin Supply Drop on Fed Rate Hikes
The market capitalization of dollar-pegged stablecoins has dropped by $25B in the wake of Terra’s collapse.
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Stablecoin Wars, Where Is the Smart Money Going?
After UST’s fall, we are starting to see a shift in preference between stablecoins. In this video we take a look into where the big players are allocating their capital.
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MakerDAO’s Real World Push Gains Moo-mentum with Aussie Beef Play
Deal Shows Utility of DeFi in a Rough Week
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What Are Stablecoins?
This step-by-step guide will walk you through the ins and outs of stablecoins.
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MakerDAO May Hook Up With Traditional Bank
MakerDAO’s deal with a U.S. bank may open a new chapter in DeFi-TradFi collaboration.
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Proposal Aims to Shake up MakerDAO’s Tokenomics and Light a Fire Under MKR
A new proposal takes aim at the disparity between MKR and DAI.
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MakerDAO’s Update is a Pure Expression of DeFi 2.0
IntoTheBlock explores how MakerDAO’s update will allow it to interact with the secondary market with more control over DAI.
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Buenbit Raises $11M to Bolster Crypto in Latin America
In a record-breaking deal for a Latin American crypto company, Buenbit, an exchange based in Argentina has raised $11M in Series A funding. Buenbit, the leading cryptocurrency platform in South America’s second-biggest economy, allows users to exchange fiat currency for BTC, ETH, and DAI. In May, Buenbit launched operations in Peru, and now with their […]
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Cypherpunk Stablecoin RAI is Live on Ethereum
Rai, a stablecoin for decentralization purists, is now live on the Ethereum mainnet. It’s not pegged to fiat, it’s not backed by fiat, and it’s designed to run completely by computer programs. If it had a physical bill it would carry the inscription, “in code we trust.” RAI is an asset backed only by ETH […]
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Maker Stability Fee Increase May Boost MKR Price
MakerDAO has casually reintroduced stability fees for the ~$900M worth of DAI now in circulation. Maker’s MKR holders voted to raise the protocol’s stability fee – similar to interest rates for Dai borrowers – to 2% for ETH collateral from 0%, the highest since January. The reintroduction of stability fees sets Maker on track to […]
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The State of Stablecoins in DeFi: A Deep Dive by DappRadar
Stablecoins are one of the fastest-growing asset types in the crypto world. The purpose of these cryptocurrencies is to track a particular peg (usually the dollar) minimizing volatility and providing a convenient unit for transacting. They have become the lifeblood of the DeFi ecosystem and may look to take over other sectors like remittance and […]