MakerDAO Community Rejects CoinShares Proposal To Invest Up to $500M in Bonds
The MakerDAO community rejected a proposal to use up to $500 million of the stablecoin USDC to invest in bonds with crypto investment firm CoinShares.
MakerDAO Votes to Offload Alameda’s renBTC From Dai Stablecoin Collateral
MakerDAO, the decentralised organisation behind Dai stablecoin, has voted to remove renBTC tokens as part of the stablecoin’s collateral assets in response to the collapse of Alameda Research.
MakerDAO Passes Vote To Close Alameda-Linked renBTC As Stablecoin Collateral
Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what’s deemed a risky asset by the DAO. RenBTC is a wrapped bitcoin asset developed by the Alameda Research-backed project Ren Protocol.
A Whale Withdrew 2000 BTC From MakerDAO
According to PeckShieldAlert on Twitter, a whale just withdrew 2000 BTC (current worth $32,802,040) from MakerDAO.
MakerDAO’s Removal of ‘Bad Debt’ Might Be a Good Thing for Users
After the FTX debacle, many in the crypto-community have put their faith in DEXs. It is against this background that MakerDAO announced that it will be liquidating multiple vaults to minimize risks.
MakerDAO Launches LSD Token of Rocket Pool
MakerDAO, a DeFi protocol, has accepted the LSD token of Rocket Pool. This deal might elevate the competition for the giant Lido, MakerDAO. Users can use the token, rETH, to mint the stablecoin of Maker’s DAI.
FTX Hacker Becomes the 34th Largest ETH Holder, Now Holds 235K Eth
The hacker behind the FTX accounts with ten different accounts identified kept the stolen assets on the move, making multiple swaps across several protocols. Following the multiple swaps, the account currently has balances in several assets, including 74K BNB ($20M), 1.68M DAI, and 235K ETH ($209M). Its ETH balance makes it the 34th largest holder of Ethereum.
Tether, USD Coin, Binance USD, Dai, or Terrausd: Which Stablecoin Is the Best?
Which stablecoins are decentralized? Which stablecoin is the safest? Which stablecoin is the best?
