Tag: dai

Mar 03 2021

Curve (CRV) Up 30%: A Still Undervalued DeFi Project?

Mar 03 2021 Published at Bitcoinist.com under tags  curve curvedao dai defi uncategorized

Curve Finance's governance token CRV (not to be confused with CURV - recently acquired by Paypal) token has shot up to $2.46 on March 2nd from its monthly low of $1.80. Even with this recent jump, there is much evidence pointing to CurveDAO still having room to increase. First, what is...

Feb 02 2021

Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs

Feb 02 2021 Published at CoinDesk under tags  circle dai exchanges jeremy allaire makerdao

Buying in these stablecoins may foretell where the crypto market is going.

Jan 28 2021

Stablecoins and the Digital Art Space

More and more people are getting to understand blockchain and cryptocurrencies and the disruptive effect they possess on a number of spheres. Decentralized finance (DeFi), for one, is putting lasting changes to the way we carry out finance-based transactions. Interestingly, 2020 was dubbed the year of DeFi as the space recorded remarkable price rallies, especially in 2020 Q3. Aside from DeFi, interest in...

Jan 25 2021

Stablecoins and Types of Stablecoins

Jan 25 2021 Published at Altcoin Buzz under tags  ampl crypto education dai dgx paxos

The demand for stablecoins has been constantly growing in the crypto ecosystem. If cryptocurrencies have to be used as mode of payment, price stability would be the most important parameter. This is where stablecoins like Tether come into picture. Stablecoins have been created to replicate the role of fiat currencies built on blockchain. Stablecoins derive their value from the underlying collateral. Depending on...

Jan 12 2021

Tron Is Out, Dai Is Back: CoinDesk 20 List Updates for 2021 Q1

Jan 12 2021 Published at CoinDesk under tags  coindesk 20 cryptocurrency dai exchanges markets

Volume on eight trusted exchanges used by CoinDesk hit $239.98 billion in Q4 2020, up from $90.08 billion in the prior quarter.

Jan 06 2021

Maker’s MKR Token Surges to 2-Year High on DeFi Growth

Jan 06 2021 Published at CoinDesk under tags  dai ethereum maker makerdao markets

Maker's MKR token surged to its highest level in more than two years.

Dec 29 2020

What Are Stablecoins?

Dec 29 2020 Published at CoinDesk under tags  dai diem evergreen explainers learn

A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.

Dec 22 2020

Why Argentines Are Turning From Dollars to Stablecoins Like DAI

Dec 22 2020 Published at CoinDesk under tags  argentina dai markets

A cocktail of high inflation, devaluation and lack of access to U.S. dollars has led Argentines to find in the decentralized stablecoin a way to protect their battered incomes.

Los argentinos están cambiando su obsesión histórica con el dólar por DAI

Dec 22 2020 Published at CoinDesk under tags  argentina dai global markets

Un cóctel de alta inflación, devaluaciones y falta de acceso a dólares los ha llevado a encontrar en esa moneda descentralizada una manera de proteger sus castigados ingresos.

Dec 14 2020

Compound Finance Vote on DAI Liquidation Compensation Nearing Close

Dec 14 2020 Published at Coingape under tags  comp compound finance dai defi defi news

A governance vote on the Compound Finance DeFi platform regarding compensation for users that lost finds through DAI liquidations is just hours away from conclusion with votes against dominating. The thirty-second governance proposal would distribute COMP tokens to offset losses incurred by liquidated DAI stablecoin positions. As it stands, a majority vote of 76% is The post Compound Finance Vote on DAI Liquidation...

Dec 07 2020

How You Can Help Kraken Fund Open-Source Ethereum Developers

Dec 07 2020 Published at Kraken Blog under tags  announcements dai eth | kraken news

Kraken recently announced it will match up to $150,000 in donations to open- source Ethereum developers as the lead sponsor of the latest Gitcoin funding drive. This means that from now until December 17, you can join the Gitcoin community and donate cryptocurrency to the teams… The post How You Can Help Kraken Fund Open-Source...

Nov 22 2020

DeFi Protocol Pickle Finance Token Loses Almost Half Its Value After $19.7M Hack

Nov 22 2020 Published at CoinDesk under tags  dai defi hacks news pickle

Popular decentralized finance protocol Pickle Finance was hacked on Saturday.

Nov 13 2020

MakerDAO’s Dai Stablecoin Supply Hits $1 Billion for the First Time

Nov 13 2020 Published at Crypto Briefing under tags  dai markets

Users of the decentralized stablecoin protocol Maker have minted $1 billion worth of the DAI stablecoin, according to Rune Christensen, CEO and co-founder of the company: The Maker Protocol just hit 1 billion Dai for the first time ever! Want to be a part of growing it to 10 billion and beyond? Take a look at the...

Nov 11 2020

MakerDAO’s DAI Stablecoin Breaks $1B Market Cap

Nov 11 2020 Published at CoinDesk under tags  dai defi makerdao stablecoins tech

The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.

Nov 10 2020

Volume Surge Brings 25% Turnover to ‘CoinDesk 20’

In the latest CoinDesk 20 revision, five assets were replaced by crypto assets that saw recent quarterly volume surges.

Nov 04 2020

DAI Experiences 623% Growth in Q3

Messari, a crypto market data aggregator, reveals that the supply of MakerDAO DAI stablecoins experienced a 623% growth in the third quarter of 2020. The feat achieved by DAI pushed the value of the token above $1 for four successive months. An estimated 65% of the...

Oct 31 2020

Exploring the Borrow Feature of MakerDAO

Oct 31 2020 Published at Altcoin Buzz under tags  bitcoin & crypto guide dai defi makerdao mkr

MakerDAO is a decentralized organization based upon Ethereum that allows the users to lend and borrow cryptocurrencies without any involvement of a third party. The MakerDAO platform supports two native currencies: DAI - Stablecoin, soft-pegged to the U.S. dollar. MKR - Governance token. The...

Oct 27 2020

DAI Stablecoin Gains Global Relevance

Oct 27 2020 Published at Altcoin Buzz under tags  dai defi digital art e-commerce gaming

Globally, the DAI stablecoin has gained relevance due to its plethora of benefits and wide range of uses. DAI is a borderless, composable, and highly decentralized digital currency that can be easily generated and purchased. The stablecoin, pegged to the U.S. dollar, has a vast range of use cases, including inflation protection and international remittance. In a...

Oct 07 2020

RSK & RIF Integrate DAI Stablecoin

Oct 07 2020 Published at UseTheBitcoin under tags  crypto news dai makerdao rsk

DAI is now ready to be used on the Bitcoin smart contract platform. As per the official announcement, in order to integrate DAI, developers worked with the features […]

Oct 06 2020

DAI Comes to the Bitcoin Defi Ecosystem via RSK Integration

Oct 06 2020 Published at Bitcoinist.com under tags  bitcoin dai dai stablecoin industry

In a major breakthrough for the decentralized finance (DeFi) space, one of the most popular stable coins, DAI, has been made available for use on the applications in the RSK ecosystem, Bitcoin’s smart contracts platform. RSK and the RSK Infrastructure Framework (RIF) development team have achieved this by using the...

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