Tag Archives: makerdao

CoinspeakerDAI Hit Record $240B in On-chain Transaction Volume Last Week DAI's $240B record weekly transaction volume eclipsed the rest of the stablecoins combined. DAI Hit Record $240B in On-chain Transaction Volume Last Week

CoinspeakerMakerDAO Unveils ‘Endgame’ Project to Transform Lending Platform and Boost Dai Supply The Endgame launch will occur in phases, starting with the “Launch Season” in summer 2024. This phase will introduce a new brand identity and two new tokens, NewStable and NewGovToken MakerDAO Unveils ‘Endgame’ Project to Transform Lending Platform and Boost Dai Supply

CoinspeakerEthereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds The Blast mainnet is now live, allowing over 180,000 users to unlock about $2.3 billion worth of funds, which attracted $85m in annual yield. Ethereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds

Maker (MKR) witnessed a noteworthy surge in activity in the first week of the year. The crypto asset climbed to $2,140, a level not seen since April 2022. As a result of the price action, MKR’s monthly gains surged to exceed 50%. This impressive rise seems to be associated with the accumulation of MKR by substantial wallet addresses. MKR’s January Rally: Reduced Exchange Supply Fuels Demand Maker started the year on a bullish note. In fact, recent data from Lookonchain...

Maker’s native token – MKR – suffered significant losses during the market crash triggered by TerraUST in May 2022. During that period, DAI stood out as one of the leading stablecoins utilizing an algorithmic mechanism, a feature it shared with the ill-fated UST stablecoin. Following the widespread bearish downturn, the MakerDAO team swiftly implemented measures to overhaul the collateral mechanism supporting the DAI stablecoin. The subsequent transition to a hybrid mechanism...

Remilia Corporation’s Creative Director and Artist, Sprite Bonkler, has announced that Remilia’s co-founders have filed a lawsuit against one of Milady’s founders, Charlotte Fang, and the Delaware Limited Liability Companies (LLCs). Charlotte has been accused of orchestrating a plan to take over Remilia’s functions, resources, and a vast collection of important digital assets. Allegations Against Charlotte Fang Remilia Corporation’s co-founders, the DAO behind the Milady...

MakerDAO’s recently launched lending platform, Spark Protocol, has courted significant backlash over its decision to ban VPN users on the front end. The initial motive was to prevent US-based users from accessing the platform. But it prohibits anyone from using a VPN regardless of whether or not they are situated within the US. This has sparked strong reactions from privacy advocates. War on Privacy MakerDAO ramped up the yield on the DAI stablecoin from 3% to 8% as part of...

The new blockchain called NewChain will be closely linked with Ethereum, promising increased governance security of the ecosystem. MakerDAO, the issuer of the DAI stablecoin, has revealed its plans for a major update it calls the “Endgame”, this follows after the platform recently published a detailed roadmap of the upcoming update. According to the May 11 announcement, the update will take place in five phases and will effect changes that will use artificial intelligence (AI) tools and...

MakerDAO, a decentralized autonomous organization that issues the DAI stablecoin, has voted in favor of allocating more funds to its current US Treasury investments. The increase in investments in government treasury bonds aims to diversify DAI’s stablecoin liquid backing through exposure to real-world assets (RWAs). MakerDAO Votes to Increase Debt Ceiling by $750 Million The first stage of MakerDAO’s expanded foray into investing in RWAs has concluded with the passing of the...

MakerDAO – the issuer of the decentralized stablecoin DAI – unanimously passed a proposal this week to remove renBTC as a form of reserve collateral.  The Bitcoin-pegged token was deemed too risky to hold exposure to in light of its connections to the now-bankrupt trading desk Alameda Research.  Alameda and Ren As announced by MakerDAO over Twitter on Thursday, Maker’s governance voted to offboard the RENBTC-A Vault type in a governance poll that opened on Monday. Nearly...