Tag: maker

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.

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....

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...

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...

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...

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...

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...

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...

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...

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...

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'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...

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...

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...

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,...

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...

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...

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...