Tag: makerdao

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

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...

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

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.

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...

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.

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

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...

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...

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...

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...

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 […]

\+ 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...