Paxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin
Stablecoin issuer Paxos proposed paying a steady fee to decentralized finance giant MakerDAO for holding up to $1.5 billion of Pax USD (USDP) stablecoin among its reserves.
MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
Decentralized finance giant MakerDAO’s community voted for keeping Gemini USD (GUSD) stablecoin as part of the protocol’s reserve system for its DAI stablecoin in a dramatic vote that flipped at the finish line.
MakerDAO Favors Holding GUSD Stablecoin as Part of Reserve in Early Voting
Decentralized finance giant MakerDAO's community was heavily favoring keeping Gemini’s GUSD stablecoin as part of Maker’s reserve in an ongoing vote that is testing confidence in Gemini, the Winklevoss-founded exchange that has been swept up in recent crypto contagion.
MakerDAO Voting To Limit DAI Exposure to Gemini Amid Insolvency Fears
MakerDAO has begun voting on a pair of governance polls designed to limit exposure of the DAI stablecoin to Gemini as a result of the current liquidity crisis facing the exchange's lending platform called Earn.
DeFi Begins Recovery As TVL Exceeds $45 Billion
The bear cycle caused a lot of downturns in many sectors of the We3 industry including DeFi. However, following the ongoing so-called ‘mini bull run,’ we’ve seen DeFi TVL start to recover from the lower lows and surge by nearly 20% since the beginning of the year.
Investment Firm Société Générale Mints $7 Million in Stablecoin Loan From MakerDAO
Société Générale, a French multinational investment bank and financial services company, minted $7 million as a loan of dai stablecoin from its issuer MakerDAO.
Societe Generale Withdraws $7M in DAI From MakerDAO Vault
French banking giant Societe Generale has used its MakerDAO vault for the first time to withdraw $7 million worth of MakerDAO’s stablecoin DAI.
MKR’s Reversal May Not Be on the Cards As Burn Trial Takes Center Stage
According to an 11 January report covered by Santiment, the MakerDAO [MKR] price might not yet correct its trend despite being one of the year’s top performers. The governance token of the Maker Protocol began the year around $507.
DeFi Statistics in 2022
Nansen takes a look at how DeFi has performed and highlights interesting statistics about DeFi.
Assessing the Current Status of MakerDAO for Long-Term MKR Holders
MakerDAO [MKR], the protocol which was reigning atop the DeFi space in terms of TVL, lost its spot to Lido on 3 January. However, the protocol remained undeterred and continued to build and invest funds to grow the DAO.
Assessing MakerDAO’s [MKR] health following its displacement by Lido
Leading decentralized finance protocol (DeFi) MakerDao [MKR] provided users with an overview of its current state in 2023. The DeFi protocol took to Twitter on 2 January to highlighted the amount of DAI tokens it had in circulation and its total value locked (TVL).
Lido Overtakes MakerDAO and Now Has the Highest TVL in DeFi
Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols.
BitKeep Exploiter Sends 1M DAI to OKX and 180K DAI to KuCoin
The recent transfers are the latest in a series of funds movements intended to conceal the stolen assets.
5 Principles for Best Tokenomic Designs
What do the best tokenomics models and designs look like? Let’s look at five principles to consider that best tokenomic models use.
BlockTower Credit and MakerDAO to Fund $220 Million of Real-World Assets Through Centrifuge
Centrifuge announced the official launch of a $220 million fund with partners BlockTower Credit and MakerDAO. The executive vote passed on Sunday, December 11, and Maker will deploy four vaults to fund investments in real-world assets (RWA), originated by BlockTower and issued on-chain through <a href="https://tinlake.centrifuge.io/" target="_blank">Centrifuge</a>.
MakerDAO Increases Its DAI Savings Rate, Thanks to Competitive DeFi Landscape
Following an executive <a href="https://vote.makerdao.com/executive/template-executive-vote-recognized-delegate-compensation-gno-onboarding-blocktower-credit-rwa-vaults-onboarding-renbtc-offboarding-mkr-vesting-momc-parameter-changes-dai-savings-rate-adjustment-starknet-bridge-parameter-changes-december-09-2022#proposal-detail" target="_blank">proposal</a> decided upon on 11 December and executed on-chain on 12 December, <a href="https://ambcrypto.com/predictions/maker-price-prediction">MakerDAO [MKR]</a> implemented an increment of its DAI Savings Rate from 0.01% to 1%.
The Latest Proposal From MakerDAO Could Have This Impact on DAI
<a href="https://ambcrypto.com/makerdao-mkr-all-you-need-to-know-about-protocols-latest-proposal/">MakerDAO</a>, the governance division of <a href="https://ambcrypto.com/maker-governance-team-implements-parameter-changes-to-protect-dai-holders/">Maker</a>, the company that issues DAI, recently voted on the addition of interest rates in a <a href="https://vote.makerdao.com/polling/QmV3oNeX#vote-breakdown" target="_blank">proposal</a> on 28 November. The proposed interest rate was between 0.01% and 1%.
MakerDAO Community Votes to Hike DAI Rewards to 1%
The community of <a href="https://www.coindesk.com/learn/how-does-makerdao-work-understanding-the-central-bank-of-crypto/">MakerDAO</a>, one of the largest decentralized finance (DeFi) protocols, voted to increase the rewards rate for its <a href="https://www.coindesk.com/price/dai/">DAI</a> stablecoin to 1%.
DeFi Giant MakerDAO Holds Voting on Hiking DAI Stablecoin Rewards
DeFi giant <a href="https://www.coindesk.com/learn/how-does-makerdao-work-understanding-the-central-bank-of-crypto/">MakerDAO</a>'s community is voting on increasing the annual reward for its <a href="https://www.coindesk.com/price/dai/">DAI</a> stablecoin up to 1%.
