Tag: makerdao

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 10 2020

World Economic Forum’s New Academic Paper Favors Chainlink

According to the World Economic Forum (WEF) blockchain-based smart contracts can help unlock the hidden value of legacy digital systems. To achieve this the legacy systems, need to become interoperable with the distributed ledger systems. According to the WEF academic paper, such a step would also need a Chainlink like an infrastructure for decentralized data validation. This infrastructure will help validate the integrity...

Nov 16 2020

MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds

Nov 16 2020 Published at CoinDesk under tags  b.protocol lending liquidation makerdao tech

A loophole in MakerDAO’s collateralized debt market enables positions to be closed far more leniently than intended due to an oversight in the auction process.

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 05 2020

MakerDAO To Onboard Crypto.com (CRO) as a Collateral Asset

One of the largest decentralized applications (dapps) on the Ethereum blockchain, Maker protocol plans to include CRO as a collateral asset. If this happens, CRO’s utility will extend and the token can be used to create Dai. According to the reports, Crypto.com had proposed CRO collateral onboarding to MakerDAO community on 29 September. Following this, the governance facilitators placed a governance poll into...

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 28 2020

MakerDAO and CryptoLocally Partner to Boost DeFi Adoption

CryptoLocally, a non-custodial peer-to-peer platform, has announced a strategic partnership with MakerDAO. The partnership is focused on facilitating awareness and adoption for the fast-rising decentralized finance (DeFi) space. Interestingly, MakerDAO is the creator of the popular DAI decentralized stablecoin. In an official...

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 […]

Sep 25 2020

Why $UNI Could Be a Security

\+ Jack Dorsey will speak -- on Bitcoin? This week, there were a number of signs that the regulatory questions about crypto are slowly getting resolved. First, the Office of the Comptroller of the Currency gave federally chartered banks the authority to hold reserves for fiat-backed stablecoins such as USDC and Tether. And then, two new bills in Congress proposed to make token...

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