Tag: makerdao

Summary: The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community. Yearn Finance's special investment vehicle or vault has a cap of $100 million. The USD Coin treasury allocation from Dai's developer will earn a 2% annual yield if approved by an executive vote. The MakerDAO governance community backed a proposal to deploy $100 million of...

French Investment Bank Société Générale has minted a loan worth $7 million from MakerDAO, marking an important milestone that bridges TradFi and DeFi.

Blockchain developer Nikolai Muchgian drowned on a beach in Puerto Rico, local media reported. According to the report, the 29-year-old died while swimming at the Condado beach, and his body has been recovered. He was a resident of San Juan until his demise. Muchgian is the co-founder of...

In a shocking turn of events, Nicolai Arcadie Muchgian, the 29-year-old co- founder of MakerDAO has been found dead. His death has shocked the crypto space that has been witness to a series of tweets that Muchgian had made days before his death. The tweets which levied serious accusations against powerful organizations are now being analyzed following his death. MakerDAO Co-Founder Predicts Death Now,...

Nicolai Muchgian, coder and co-founder of MakerDAO, was found dead on the beach behind Ashford Hospital in Condado, Puerto Rico. The crypto community offers condolences on the death of the 29-year old coder who worked on several projects including Ethereum, MakerDAO, BitShares, and DAI fork Rai by Reflexer Labs. In... Read more

MakerDAO's (MKR) Endgame proposal was overwhelmingly passed by the community, with around 80% of the votes in support. The endgame proposal The proposal was submitted by MakerDAO founder Rune Christensen and focused on breaking the decentralized protocol into smaller units called MetaDAOs which would be more decentralized. With over $8 billion in assets in its reserves, MakerDAO is the...

DeFi loan protocols provide crypto loans on a decentralized platform without intermediaries or going through KYC. Lending is one of the key components of DeFi, and DeFi loan protocols provide a far superior choice for passive income generation than the traditional financial sector. What is DeFi? The term "decentralized finance," sometimes known as "DeFi," refers […] The post...

Summary: MakerDAO will tap digital bank Sygnum for its diversification effort. This comes after the community voted to deploy excess funds and non-yield- bearing assets from Maker's treasury into external investment vehicles. Majority of the Maker community opted for a $500 million allocation with an 80-20 split between U.S. short-term Treasury bonds and investment-grade (IG) corporate bonds. Sygnum will collaborate with BlackRock Switzerland to...

The proposal addresses Rune Christensens previous concerns about authoritarian risks to MakerDAO protocol and the amount of USDC backing DAI. The Endgame Plan DAI cannot remain a stablecoin forever, according...

The crypto community has been on alert since the crash of LUNA, ETH, and USDT. Investors depend on stablecoins to hedge against price volatility in the crypto market. These stablecoins are pegged to USD, meaning each coin is worth the same as 1 USD. So, for instance, holding 1USDT or USDC is the same as having 1USD. Stablecoins don't fluctuate in price like...

MakerDAO (MKR) founder Rune Christensen has asked DAO members to consider converting its $3.5 billion USDC reserves to Ethereum (ETH) because of the extent of the Tornado Cash sanctions....

MakerDAO founder Rune Christensen wants to transfer DAI's collateralization away from USDC in light of the current Tornado Cash and frozen USDC addresses scandal. The decentralized autonomous organization's (DAO) members have been advised by MakerDAO founder Rune Chirstensen to "seriously consider" planning for the depeg of its DAI stablecoin from the US dollar (USD). The […] The post...

In a big development, Rune Chirstensen, founder of MakerDAO has urged all the members to "seriously consider" preparing the depeg of the DAI stablecoin from the U.S. Dollar. The comments came on the MakerDAO discord channel...

The U.S. Treasury Department's sanctions against Tornado Cash have led MakerDAO founder Rune Christensen to believe that the DAI creator is endangered by its $3.5 billion worth of USDC collateral....

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Robert Leshner chop it up about the latest news in the digital asset industry. In this episode, Hasu, the gourmand of governance and Rune Christensen, chief mischief maker at MKR, discuss how to manage a DAO, their respective visions for MakerDAO, and much more....

DeFi protocol MakerDAO (MKR) has identified seven risks its protocol faces if Ethereum (ETH) is forked. Futures backwardation and negative funding According to the protocol, the first risk it faces is future backwardation and negative funding. In this case, while...

Stablecoins are a standard feature in crypto now. There are many different ones out there. However, there's only one OG, and that's the DAI. It's the oldest decentralized stablecoin. In this article, we have a look at the Maker community. MakerDAO is part of this community. We will show you how they handle the various aspects of their DAI stablecoin....

Stablecoins are one of the most popular parts of the crypto market. Since 2020, the world has grown increasingly aware of the use cases of stablecoins and, most recently, their pitfalls. During the recently concluded GeckoCon 2022, a session titled "All Eyes on Stablecoins" examined how decentralized stablecoin projects manage to keep their momentum. The debate between centralized and decentralized stablecoins has grown...

The old, major projects were impacted by the cryptocurrency collapse, and it might be challenging to identify viable tokens during a bear market. Few classic tokens, including ZEC, EOS, and MKR, have experienced multiple bear cycles. EOS has probably received enough attention as a result of Vitalik Buterin's favourable remarks to catch...

Some of Ethereum's most prominent DeFi protocols are taking advantage of the current market downturn to rethink their governance structures or offer completely new services. Others have focused on shoring...