Why Lido Finance’s Support of Ethereum Upgrade Is Important?
Ongoing voting showed that the Lido community would most likely support the Ethereum Shanghai Upgrade. The protocol’s TVL growth has evidently surpassed others.
Crypto Morning Briefing: Coinbase To Halt Trading of Binance’s BUSD for Not Meeting Listing Standards
Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year; Huawei To Launch Metaverse and Web3 Alliance for East Asia; Tron Founder Justin Sun Becomes Top Holder Of Staked Ethereum Amid Shanghai Upgrade; DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
The MakerDAO community rebuffed state-chartered Cogent Bank’s proposal to borrow $100 million from the decentralized lending platform Maker, the protocol’s governance site showed on Monday.
Crypto Market Slides As Total Value Locked in Defi Falls Below $50 Billion Mark
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that same timeframe, the top smart contract token economy lost 3.7% against the U.S. dollar.
MakerDAO Clarifies Jump Counter Exploit Doesn’t Involve Its Smart Contract
MakerDAO reiterates its smart contracts are not controlled by, or in control of, the Oasis frontend smart contracts.
The Beginner's Guide: How to Borrow and Lend Crypto
Borrowing and lending cryptocurrency can be a lucrative investment strategy, but it comes with risks. It’s important to do your research and only invest what you can afford to lose.
MakerDAO Voting on $100M Loan Participation With Florida Commercial Bank
Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional finance.
MakerDAO Partners With Chainlink Automation for DAI Stablecoin
MakerDAO recently announced the successful integration of Chainlink Automation. As the creator of DAI, the protocol has onboarded Chainlink to its Keeper Network.
DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin
MakerDAO, one of the largest decentralized finance (DeFi) platforms, successfully onboarded blockchain data provider Chainlink’s smart contract automation into its Keeper system that maintains the stability of Maker’s DAI stablecoin, Chainlink Labs announced Thursday in a press release.
MakerDAO Community Proposes Spark Protocol, Details Inside
Dai [DAI] is among the front-runners in the stable cryptocurrency market. By market capitalization, CoinMarketCap places it as the fourth-largest stablecoin and the seventeenth-largest cryptocurrency overall.
DeFi Pioneer MakerDAO Announces Aave Competitor Spark Protocol
Decentralized finance (DeFi) stablecoin platform MakerDAO has proposed Spark Protocol. The new system is based on the Aave lending protocol’s smart contracts.
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
Leading MakerDAO community participants have proposed creating a liquidity market called Spark Protocol for lending and borrowing crypto assets focused on DAI, Maker’s $5 billion stablecoin, according to a proposal posted on Wednesday in Maker’s governance forum.
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
Leading MakerDAO community participants have proposed creating a new liquidity market called Spark Protocol for lending and borrowing crypto assets focused on DAI, Maker’s $5 billion stablecoin, according to a proposal posted on Wednesday in Maker’s governance forum.
MakerDAO Manages To Increase Profit to $19 Million
The year 2022 turned out to be not at all in favor of MakerDAO. It painted quite a solemn picture for the second-in-line DeFi protocol. It happened to have witnessed a full 79% downfall in terms of operating earnings. Even its top-rung revenues saw a downward slide to the extent of 42%. However, despite all of that and the fact that the crypto’s dismal happening that took place in the same year, it somehow was able to rise to the occasion and make some additional profits for itself. The factor also helped that the entity had adopted real-time assets, which pushed things upwards.
Lido Reacts in This Manner Post Changes to MakerDAO and Aave Lending Pools
Lido Finance’s [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave’s [AAVE] lending pools on its protocol. Over the last week, MakerDAO’s steCRV experienced a surge of 636%, while Aave’s Wrapped stETH [wstETH] increased by 140%.
Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea
Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is asking for 20,000 MKR tokens to move forward with the idea. The draft of the Maker Constitution was criticized on social media, with one person comparing Christensen’s idea to the Effective Altruism movement, which is backed by the controversial FTX co-founder Sam Bankman-Fried.
NFTs, DeFi Off to a Bright Start in 2023, January Outlook Reveals
Recent on-chain observations from DappRadar and cryptoslam. io reveal positive uptrends in DeFi and NFT sales for the month of January. Over $997 million was recorded in total sales over the 31-day period representing a 41% uptick from December figures.
MakerDAO Is Set To Temporarily Shut Down Its Teleport L2 Gateways
MakerDAO, through its Governance Facilitator(s) and Starknet Engineering and Protocol Engineering Core Units, has proposed to redeploy its Teleport Layer 2 (L2) Gateways as part of several changes to be implemented to the DeFi protocol.
Several DeFi Giants Start Flash Mob About Upcoming Project, What’s Happening?
Multiple DeFi protocols including MakerDAO, SushiSwap, and Balancer simultaneously posted pictures of “fist bump” with different background colors on their official Twitter accounts on Saturday. The decentralized finance platforms hint at an upcoming huge announcement related to the DeFi market on Monday, February 6.
MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions
An early draft of MakerDAO's proposed governance constitution would have the DAI stablecoin issuer join the fight against climate change with 20,000 MKR tokens (around $14 million) to fund sustainability campaigns through 2040.
