Tag: maker

Jul 11 2022

Celsius Continues Paying Off Its Debts, Sends 20M USDC to DeFi Protocol Aave

Celsius (CEL), a struggling cryptocurrency lending platform, has paid off 20 million USDC debt to decentralized finance (DeFi) protocol Aave (AAVE). Recall that Celsius paused withdrawals last month to protect itself from potential bankruptcy stemming from the broader cryptocurrency downturn and the drastic increase in user withdrawals.

Jul 07 2022

U.S. Bank Will Connect With Ethereum’s MakerDAO To Borrow $100 Million

Jul 07 2022 Published at Bitcoinist.com under tags  eth ethereum ethusd maker

Ethereum’s decentralized finance protocol MakerDAO proposed a historic vote to connect a U.S. bank to its platform, the Huntingdon Valley Bank (HVB). The community has approved the proposal and the financial entity will be able to access an initial debt ceiling of $100 million....

Jul 04 2022

Did Celsius Just Repay $120M to Maker?

Jul 04 2022 Published at Crypto Briefing under tags  celsius maker news

Celsius appears to have repaid $120 million of its debt to Maker, the DeFi protocol behind the Dai stablecoin, although Celsius is not entirely confirmed to be the payor. Maker...

Jun 30 2022

The Chopping Block: Here’s What Was So Bad About Three Arrows Capital – Ep. 368

Jun 30 2022 Published at Unchained Podcast under tags  2022 3ac contagion dai defi

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Taylor Monahan, matriarch of Metamask, joins the show to discuss the contagion of major crypto firms, the bear market, SBF saving crypto, and much more! Show topics: The importance of UX and security How...

Jun 28 2022

MakerDAO May Invest in Bonds

Jun 28 2022 Published at Crypto Briefing under tags  maker news treasury

The MakerDAO community is considering allocating 500 million DAI in bonds in an attempt to generate low-risk yield from some of its holdings. A Yield- Bringing Diversification Strategy MakerDAO is looking...

Jun 27 2022

MakerDAO Rejects Proposal to Create Advisory Board

Jun 27 2022 Published at Crypto Briefing under tags  governance maker news

Today MakerDAO voted against installing an oversight unit that would have been charged with educating MKR holders about the complexities of future proposals. Choosing Between Decentralized Credit Facility and Efficient...

Jun 20 2022

Celsius Repays $10M DAI to Compound

Jun 20 2022 Published at Crypto Briefing under tags  celsius compound lending maker news

Celsius made a significant payment to Compound today as it transferred $10 million of DAI to the latter service. Celsius Pays Back $10 Million Celsius has sent $10 million worth...

Jun 15 2022

Will These Stablecoin Governance Tokens Go Terra’s Route?

Jun 15 2022 Published at Altcoin Buzz under tags  frax maker technical analysis waves

Cryptocurrencies are notorious for their tremendous volatility, with price swings in the tens of thousands of dollars. Stablecoins, on the other hand, are a sort of cryptocurrency that promises to be a secure haven for those seeking to avoid incessant volatility. In the previous year, however, algorithmic stablecoins such as terraUSD (UST), Multi-Collateral Dai...

Jun 14 2022

Celsius races to add more collateral to Maker as threat of liquidation looms

Jun 14 2022 Published at CryptoSlate under tags  celsius defi maker

Crypto lending firm Celsius has been racing to top up its collateral on Maker to raise its assets' liquidation price. The company added just over 2,000 Wrapped Bitcoin (WBTC) to its collateral on June 14, depositing 1,501.77 WBTC and 499.99 WBTC to its vault. Celsius narrowly avoids WBTC liquidation A quick collateral top-up has saved Celsius from a mass liquidation that could have...

May 24 2022

MATIC is the #2 Coin to Watch for the Week of May 23 – May 29, 2022

Last week’s movements on the cryptocurrency markets could be described as the calm after the storm. After the crypto market bled out more than $250 billion from its total capitalization the week before, the price movements remained rather undramatic last week. Although Bitcoin and Ethereum recovered by a few percent last week the total crypto market capitalization remained virtually the same throughout last...

May 11 2022

Maker Token (MKR) Surges 50% As Terra Plummets

May 11 2022 Published at Coinscreed under tags  altcoin news maker

Expectations that Maker's (MKR) price will take over Terra's domination on DeFi saw the token rising over 50% in the last few hours. The DeFi token, which powers the DAI stablecoin, appears to be benefiting from the fall of Terra's UST. Due to a more robust risk framework for managing stability, MakerDAO has shown to […] The post Maker...

Maker Token (MKR) Up Nearly 50% As Rival Terra Crashes

May 11 2022 Published at Coingape under tags  dai maker news

Maker's (MKR) price has jumped nearly 50% in the last few hours on speculation over replacing Terra's dominance in DeFi. The DeFi token behind the DAI stablecoin seems to be benefitting from the fall of its competitor Terra's UST. MakerDAO is has proven to be more stable than Terra thanks to having a more effective...

May 10 2022

Maker Up 11% Despite Terra CEO’s Pledge to Kill DAI

May 10 2022 Published at Crypto Briefing under tags  maker markets terra

Maker is one of only a handful of crypto assets in the green today. The protocol behind the DAI stablecoin appears to be benefitting from the downfall of its closest...

Mar 17 2022

Feb 16 2022

Maker Price Prediction – If you own $MKR, you might want to SELL NOW?

Feb 16 2022 Published at CryptoTicker under tags  altcoin buy maker crypto maker maker crypto

Maker is the token of the MakerDao protocol, which is a decentralized application on the Ethereum blockchain. Many investors got hyped and decided to hold the MKR token in anticipation of a successful venture. Recently, the price of Maker shaped a dangerous technical formation. What will happen to MKR...

Sep 24 2021

What Is the Best Crypto Lending Platform?

Want to borrow a few Bitcoins, or have some spare cryptocurrency? In both cases, you might be interested in finding a reliable crypto lending platform. They provide the opportunity to get a loan with Bitcoin without visiting banks or meeting with other BTC holders. However, when it comes to the financial sphere and cryptocurrency, cybercriminals don’t miss the opportunity to make their money,...

Jul 23 2021

Maker Foundation Shuts Down, MakerDAO to Take Over

Jul 23 2021 Published at Altcoin Buzz under tags  dao maker makerdao maker foundation mkr

The Maker Foundation, a blockchain organization aimed at stewarding the protocol through its early stages, is shutting down. The protocol is now completely decentralized as the DAO takes the reins. Making the announcement, MakerDAO CEO, Rune Christensen, revealed that handing over control is already effected while the Maker Foundation shuts down fully "within the next few...

May 03 2021

Apr 25 2021

Top 5 Cryptocurrencies of the Week -(Week 39)

The whole cryptocurrency market dropped by more than 12%, and the market capitalization also declined below USD 2 trillion. This post is all about the top 5 cryptocurrencies that performed well in the last seven days. At the time of writing...

Apr 18 2021

Total Value Locked in DeFi Smart Contracts Stays Above $60B Despite Ongoing Market Dump

Apr 18 2021 Published at Coingape under tags  aave altcoin news compbnb compbtc compbusd

Amid the ongoing dip in the broader cryptocurrency market, the decentralized finance (DeFi) ecosystem is wielding a major resilience as the combined Total Value Locked (TVL) on major smart contracts stays above the...

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