The Maker community proposed adjusting multiple vault type parameters and plans to reduce the DSR to 6%
Maker announced in a post that the Block Analitica team proposed adjustments to various vault type parameters, which will be considered in the upcoming voting. The proposed changes are as follows:
BlackRock BUIDL and Ondo and other issuers plan to apply for MakerDAO's $1 billion Treasury bond tokenization plan
On July 13th, according to CoinDesk, BUIDL, Superstate, and Ondo Finance, all under BlackRock, plan to apply for MakerDAO's $1 billion national debt tokenization plan. Previously, MakerDAO announced the official launch of the Spark Tokenization Grand Prix, with the goal of tokenizing $1 billion of real-world assets (RWA) and introducing them to MakerDAO. The competition is open to all innovators and issuers, with selected partners receiving up to $1 billion in liquidity support.
Maker has voted to approve the proposal to allocate 600 million DAI to USDe and sUSDe and has implemented it
MakerDAO voted to approve a series of implementation proposals, including the "Spark MetaMorpho Vault DDM Maximum Debt Ceiling" proposal. According to the proposal, the maximum debt ceiling for SparkMetaMorphoVaultDDM will increase to 1 billion DAI, with an initial allocation of 600 million DAI. One proposal aims to allocate up to 600 million DAI to the USDe and its collateralized version sUSDe pool (with priority given to the USDe pool). Later, the SparkX platform announced that after MakerDAO's debt ceiling was increased to 1 billion DAI, Spark successfully allocated an additional 100 million DAI to the USDe/DAI and sUSDe/DAI markets on Morpho Blue. According to BA Labs' risk assessment, Spark is expected to limit the maximum amount of allocation based on its proposal to 600 million DAI. Therefore, Spark proposed to redistribute another 100 million DAI.
The MakerDAO community has passed a proposal to increase the Spark MetaMorpho Vault DDM debt ceiling to 1 billion DAI
MakerDAO community passed a proposal to increase the Spark MetaMorpho Vault DDM debt ceiling to 1 billion DAI. It is reported that the Maker protocol will execute operations such as increasing the delay in suspending the Governance Security Module (GSM) to 30 hours, and raising the maximum debt ceiling of the Spark MetaMorpho Vault DDM to 1 billion DAI.
MakerDAO co-founder: DeFi front-end may need a license to operate in Europe
Rune Christensen, co-founder of MakerDAO, has warned that the EU's specific interpretation of the MiCA regulations could lead to a disruption of DeFi development. Christensen stated that there are reports that financial regulatory authorities in Europe may require every DeFi frontend in the region to register and operate under a license. He is concerned about the potential impact of this decision and stated that "it would make DeFi frontends based on regular internet domain names unfeasible." Additionally, Christensen explained in detail that only decentralized or locally downloaded frontends can operate, as well as those that adopt KYC measures and procedures.
MakerDAO Lianchuang once again increased its holdings of US$400,000 in SHIB 12 hours ago
After MakerDAO co-founder Rune Christensen attempted to buy SHIB on March 1st, SHIB rose by 50% on March 2nd, as monitored by @EmberCN. Therefore, Rune continued to buy 4 million SHIB (17.6 billion SHIB) with 400,000 USDC 12 hours ago, and SHIB rose by 20% a few hours later. Rune has currently spent 500,000 USDC to purchase 25 billion SHIB at an average price of $0.00002.
Maker will hold a vote to adjust multiple parameters such as stable rates and yields.
Maker plans to introduce a new set of parameter adjustments through an executive vote in the Maker protocol. These adjustments include:1. Stable fee adjustments• Reduce the ETH-A stable fee from 6.74% to 6.41%;• Reduce the ETH-B stable fee from 7.24% to 6.91%;• Reduce the ETH-C stable fee from 6.49% to 6.16%, etc.2. Yield benchmark parameter adjustments• Lower the yield benchmark for collateral from 5.45% to 5.43%;• Increase the yield benchmark for stable collateral from 0.87% to 1.74%;3. Basic interest rate adjustments• Increase the basic interest rate from 4.05% to 4.23%.4. Dai Savings Rate (DSR) adjustments• Increase the Dai Savings Rate (DSR) from 3.80% to 3.98%.5. Enhanced Dai Savings Rate (EDSR)• The DSR utilization rate is still at level one, and the Enhanced Dai Savings Rate (EDSR) and effective DSR will remain at 5%.
Maker: Spark D3M’s DAI supply exceeds 1 billion
Maker announced on X platform that the DAI supply of Spark D3M has exceeded 1 billion. According to the data, at the current issuance rate, 18,306,260 DAI are issued every day in the past week, and the debt ceiling will be reached within 11 days.
The MakerDAO community voted to approve the proposal to “increase the SparkLend D3M debt limit to 1.2 billion DAI”
As displayed on the governance page, the MakerDAO community voted in favor of the proposal to "increase the SparkLend D3M debt ceiling to 1.2 billion DAI", which can be executed after 8:55 am on January 14, 2024 Beijing time.
A certain MKR whale transferred 1,602 MKR to Binance after sleeping for three years, worth US$2.86 million.
According to Spot On Chain monitoring, a certain MKR whale transferred 1602 MKR worth $2.86 million to Binance after three years of dormancy. In 2018, the whale obtained 11082 MKR from MakerDAO. In May 2021, it transferred 4602 MKR to Binance and currently still holds 6877 MKR worth $12.27 million.
5 major addresses withdrew 17,260 MKR from CEX in the past week
During the past week, multiple whale/institutional addresses withdrew MKR from CEX, pushing the price of MKR up by 18% from $1350 to $1605 this week. Among them, five major addresses withdrew 17,260 MKR ($26.24 million) from CEX in the past week, as monitored by on-chain analyst Yu Jin.
The health of ETH whale Maker, which has a 100% winning rate since November, has dropped to 1.02, facing greater liquidation risk.
According to on-chain analyst @ai_9684xtpa, as reported , ETH has fallen nearly 5% since 11 pm last night. The health of the Maker owned by the ETH whale, which has had a 100% success rate since November, has dropped to 1.03. To avoid being liquidated, the whale has been trading frequently.
An address withdrew 3150 MKR from Binance in the past 20 minutes.
Lookonchain monitoring shows that a new wallet is accumulating MKR and LINK today. 0xE68E withdrew 3,150 MKR (worth $4.55 million) from Binance in the past 20 minutes. 0x8eAD withdrew 136,146 LINK (worth $2.05 million) from Binance 10 minutes ago, and has withdrawn 384,006 LINK (worth $5.79 million) from Binance in the past 10 days.
Maker tops 2023 DeFi protocol revenue rankings with nearly $96 million in revenue
The 2023 DeFi protocol revenue ranking list was announced, as follows:
A giant whale transferred 3285 MKR to Binance and sold it 5 hours ago
A whale who sold 1490 MKR (worth $2.02 million) on Binance on December 13th was monitored by on-chain analyst Yu Jin. Five hours ago, the same whale transferred an additional 3285 MKR (worth $4.25 million) to Binance. As a result, all 4775 MKR (worth $6.21 million) that the whale withdrew from Binance at an average price of $1324 between July 25th and November 22nd have been transferred to and sold on Binance. The average purchase price was $1324, while the average sale price was $1300, resulting in a loss of $110,000.
A giant whale deposited 3,286 MKR into Binance in the past hour
Lookonchain monitoring shows that a whale has deposited all 3,286 MKR ($4.27 million) into Binance for stop loss in the past hour. The whale withdrew 4,776 MKR ($6.32 million) from Binance at an average price of $1,324 and deposited it into Binance at $1,318, resulting in a loss of about $30,000.
Why we invest in BitSmiley?
BitSmiley is the MakerDAO+Compound of the Bitcoin ecosystem, providing a comprehensive solution for Bitcoin DeFi by addressing the most significant gaps in the current Bitcoin ecosystem — stability coins and lending infrastructure.
11,000 MKR transferred from unknown wallet to FalconX, worth approximately $15.82 million
On December 7th, according to WhaleAlert, at 19:14 Beijing time, 11,000 MKR ($15,822,308 USD) was transferred from an unknown wallet to FalconX.
MakerDAO founder: Hope to change the status quo of DAO through Maker Endgame, using AI and open data to achieve more efficient organization and capital allocation
On December 5th, MakerDAO founder Rune Christensen stated on social media that he hopes to change the current state of DAOs through Maker Endgame, as they are now seen as a ridiculous and almost fraudulent organizational structure. The future of DAOs is the most effective and direct way to use artificial intelligence and open data for efficient human organization and large-scale capital allocation.
MakerDAO founder: Hope to change the status quo of DAO through Maker Endgame, using AI and open data to achieve more efficient organization and capital allocation
On December 5th, Rune Christensen, the founder of MakerDAO, expressed on social media the hope to change the current situation of DAO through Maker Endgame because DAO is now regarded as a ridiculous and almost fraudulent organizational structure. The future of DAO is the best and most direct way to achieve effective human organization and large-scale capital allocation through the use of artificial intelligence and open data.
