Fortune Launches Crypto 40 Benchmark, Ranking Top Firms in Crypto Space Across Eight Categories
Fortune has launched its Crypto 40 benchmark, ranking the top 5 firms in the crypto space across eight categories, including CeFi, TradFi, VC, NFTs, Data, Infrastructure, DeFi, and Protocols. Empirical metrics and surveys of over 200 financial executives conducted by Researchscape were used to find the top 40 firms, with the Ethereum Foundation topping the Protocols category and Coinbase coming in first in the CeFi category.
Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward with ‘Endgame’ Plan
The lending platform MakerDAO has approved a new constitution and is moving forward with its endgame plan. The endgame plan is designed to transition the platform from a decentralized autonomous organization (DAO) to a more centralized structure, in order to improve its efficiency and scalability.
MakerDAO Maintains Trust In USDC Despite Depeg Debacle
Although USDC experienced a temporary depeg earlier this month, an overwhelming majority of the MakerDAO have chosen to retain their faith in the world’s second-largest stablecoin, dismissing any other viable options.
「Trend Research by LD Capital」MakerDAO, Igniting the Spark to the “All Things To Grow
MakerDAO, one of the most long-standing and successful crypto projects in decentralized governance, development, and operations, has entered the “Endgame Plan” phase.
Will MakerDAO’s New Changes Instill Confidence in DAI
Leading decentralized finance protocol, MakerDAO [MKR], has proposed changes to its Peg Stability Module (PSM) operations in response to DAI’s recent loss of parity with the US dollar. The proposal seeks community approval to adjust the PSM parameters. These were previously adjusted through a series of emergency proposals to prevent the stablecoin’s permanent de-pegging.
DAI Supply Has Fallen by 13% This Week
In the past week, MakerDAO has experienced a drop in total value locked (TVL), the supply of DAI, and annualized fee income, signaling some potential trouble for one of the world’s largest stablecoin issuers.
DAI-Stressed MakerDAO Struggles As Users Look Toward Other Stablecoins
While its DAI stablecoin regained its parity with the U.S. dollar last week, increased uncertainty as to whether a further de-pegging should be expected resulted in a decline in MakerDAO’s [MKR] total value locked (TVL) in the last seven days.
MakerDAO Suffers a Fall in Annualized Fee Income, Thanks to SVB
The annualized fee income of leading decentralized finance protocol MakerDAO [MKR] has declined since the collapse of Silicon Valley Bank (SVIB) on 10 March, data from MakerBurn revealed.
MakerDAO Passes Proposal for $750M Increase in US Treasury Investments
Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.
USDC Depegging Makes MakerDAO Introduce New Mechanism
In a new emergency executive proposal, leading DeFi platform MakerDAO [MKR] has sought community approval to introduce a debt ceiling breaker for collateral assets used to mint its DAI stablecoin.
MakerDAO Cites ‘Uncertainty’ To Usher In New Changes to Protocol
As the FUD around stablecoins gathers steam, many DeFi protocols have started to implement changes and proposals to their networks. MakerDAO, for instance, has deployed new parameters to mitigate the risk against the volatility of stablecoin markets.
MakerDAO Looks To Limit Volatility After USDC Troubles Pushed Some Users to DAI
MakerDAO, which manages the "decentralized" dai stablecoin, launched an emergency proposal to reduce the amount of DAI that can be minted with other centralized stablecoins after concerns over Circle's exposure to the shuttered Silicon Valley Bank pushed users away from USDC and into competing assets.
MakerDAO [MKR] Reacts to Stablecoin Contagion With This Proposal
MakerDAO aims to address the stablecoin challenge with an emergency proposal. The latter will focus to limit exposure to distressed stablecoins while also strengthening the stability of DAI’s peg.
MakerDAO Passed Emergency Proposals to Adjust Risk Associated With USDC-Related Assets
These changes are slated to be implemented within the next 48 hours, specifically at 16:14 UTC on March 13th.
Crypto Morning Briefing: MakerDAO Founder Calls for Rebranding of DAI Stablecoin
New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security; Blockchain.com to Suspend Operations of Asset Management Arm; Gateio Launching Debit Card Supporting Shiba Inu & Crypto Payments Across Europe; Binance Approves TerraClassicUSD (USTC) Against Tether USD (USDT) Trading Pair
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
MakerDAO’s DAI stablecoin could be due for a makeover.
MakerDAO Faces Criticism Over Tokenomics Plan Amidst High-Stakes US Treasury Investment Strategy
MakerDAO, the governance token behind the fifth most popular stablecoin DAI, is contemplating an increase in its United States Treasury bond investments to $1.25 billion from its previous allocation of $500 million.
MakerDAO Mulls Expanding US Treasury Bond Investments to $1.25B
MakerDAO is considering raising the ceiling of its Treasury bond investments to $1.25 billion. A proposal was listed on March 6, stating that it would help take advantage of the current yield environment.
MakerDAO’s Governance Token Sees a 37% Decrease in 24H Trading Volume
MakerDAO, the governance token behind the fourth largest stablecoin by market capitalization DAI, has decreased in trading volume by 37% and seen a 3.7% dip in token price over the last 24 hours.
MakerDAO Had a Solid February, but Can MKR Continue Its Hike in March
MakerDAO [MKR] may have had one of its best-performing months in February, but that 40% 30-day surge only had a minimal impact on the token’s long-term holders.
