Solana and MakerDAO Joint Creation Call for an End to Attacks on Ethereum, Warning the Community Against Divisive Behavior
Anatoly Yakovenko, co-founder of Solana, and Rune Christensen, co-founder of MakerDAO, warned their communities on the X (formerly Twitter) platform to stop attacking Ethereum and to avoid any behavior that would cause division within their own communities.
Hackers Who Previously Attacked MEV Robots Transferred More Than 7.3 Million DAI to MakerDAO
On September 2nd, according to SlowMist monitoring, the hacker who made tens of millions of dollars by attacking the MEV robot in April transferred 7,317,799 DAI to MakerDAO.
MakerDAO founder: Will reconstruct the Maker protocol on the new chain NewChain
On September 1st, MakerDAO founder Rune Christensen published an article titled "Exploring the NewChain-based Solana Codebase Fork." Rune stated that he will be rebuilding the entire Maker protocol in the final stage of Endgame and releasing it on a new, independent chain currently codenamed NewChain. Rune further stated that the final stage of Endgame is a significant long-term project that may take at least three years. The most important reason for using New Chain is that it will allow the ecosystem to quickly and seamlessly recover from the most severe governance attacks or technical failures.
Maker (MKR) Token Jumps Over 10% as MakerDAO Turns Profitable Again
The Maker (MKR) governance token of DeFi lender MakerDAO saw a 10% increase in value on Thursday, despite the broader cryptocurrency market experiencing a 3.5% decline. MakerDAO's profitability has improved due to the platform's recent overhaul, which includes investing stablecoin reserves in real-world assets and lending to banks for higher yields. The platform's profits are being used to benefit MKR holders through a token buyback scheme. The Maker-adjacent lending platform Spark has also experienced growth, nearing an all-time high of $700 million in total value locked.
Data: Early Buyer 0x025 Sold 263 Billion PEPE 5 Hours Ago in Exchange for 226,000 DAI
According to Spot On Chain monitoring, early buyer 0x025 (formerly known as pepeworldorder.eth) sold 263 billion PEPE tokens 5 hours ago at a price of 0.0000008591 USD, in exchange for 226,000 DAI. After 52 days, the second PEPE transaction ended with a loss of 174,000 USD (-43.4%). However, the trader still earned 1,414 ETH (2.61 million USD) from the first cycle.
The Founder of MakerDAO Exchanged 215,000 DAI for 211.61 MKR
According to Spot On Chain monitoring, it was reported by Jinse Finance that Rune Kek, the founder of MakerDAO, exchanged 215,000 DAI for 211.61 MKR at an average price of $1,016 7 hours ago. The total purchase amount in the past 4 days was 409.06 MKR at an average price of $1,015.
MakerDAO Repurchases Open Again, With $55.8 Million Left in the Treasury
According to Makerburn data, on August 28th, MakerDAO recently made a profit of over $7.45 million by selling $125 million RWA asset Monetalis Clydesdale. The current treasury balance is $55.8 million, and the part exceeding $50 million ($5.8 million) will be used to buy back MKR and add it to Uniswap V2 with DAI. MakerDAO started the buyback two days ago.
A Giant Whale Exchanged 2,720 WETH for 4.49 Million DAI in the Past Two Days and Deposited It in MakerDAO
According to Spot On Chain monitoring, a whale address starting with 0x562 sold 2720 WETH in the past two days in exchange for 4.49 million DAI. Then the whale deposited the 4.49 million DAI into MakerDAO, which currently offers a 5% interest rate.
MakerDAO Founder Bought 197.5 MKR at an Average Price of $1013
According to Spot On Chain monitoring, RuneKek, the founder of MakerDAO, exchanged 200,000 DAI for 197.5 MKR at an average price of $1,013 about 21 and 12 hours ago. It is worth noting that there are usually large fluctuations after each purchase by the founder.
Magnate Finance Scammers Transfer Over 1.34 Million DAI to New Address
According to PShield monitoring, the Magnate Finance scammers have transferred over 1.34 million DAI to a new address starting with 0x0664. Previously, according to PShield monitoring, the developer of the Magnate Finance lending protocol in the Base ecosystem modified the provider of the protocol's oracle and removed all assets from the protocol.
MakerDAO Adds $50M in RWA Assets via BlockTower Andromeda
August 24th, according to makerburn data, MakerDAO added $50 million of RWA assets through BlockTower Andromeda, mainly investing in short-term US Treasury bonds.
Currently, the total RWA assets in MakerDAO are about $2.537 billion, of which Monetalis Clydesdale accounts for $1.139 billion and BlockTower Andromeda accounts for $652 million.
Justin Sun redeemed 146.13 million DAI from MakerDAO
PeckShieldAlert has monitored that Justin Sun redeemed 146.13 million DAI from MakerDAO and exchanged it for 16.86 wstETH. Justin Sun's related address 0xBCb7 redeemed 59.9 million DAI from MakerDAO and exchanged it for 67,000 wstETH.
MakerDAO Founder Releases "Next Generation Altas and Governance AI Tools", Aiming at Optimizing Governance Participation
On August 18th, MakerDAO founder Rune Christensen published an article titled "Next-Generation Atlas and Governance AI Tools," pointing out that the adaptive system dataset method is the universal concept upon which the next-generation Atlas is based. The system dataset contains a dataset of all data related to the entire system end-to-end. In the context of Maker, it includes all relevant data related to Maker's governance, protocol, community, and ecosystem, including principles, rules, processes, roles, historical data, precedents, examples, analysis, translation, graphic visual aids, code, smart contract addresses, and tools, among other things. Atlas not only contains all data related to Maker, but also controls the way data is changed and records changes in real-time. Governance AI Tool (GAIT) is key to allowing people to easily participate in Maker governance through the Atlas process. GAIT helps prioritize the time and attention of participants and automates most of the interaction required for governance participation.
MakerDAO Launches Proposal on EDSR and Stability Fee Adjustment
On August 18, MakerDAO governance page shows that a series of adjustment proposals, including EDSR and stability fees, have started voting. The main content of the proposal includes: DSR will be reduced according to EDSR, and after this proposal is passed, DSR will be reduced from 8% to 5%; increase stability fees for ETH, wstETH, rETH, and other stablecoins; update parameters for the intelligent burning engine.
MakerDAO Founder’s New Proposal Intends To Officially Incorporate the Spark-Aave Revenue Sharing System Into the Maker Ecosystem
On August 17th, MakerDAO founder Rune Christensen initiated a proposal for community governance. The proposal aims to formally incorporate the Spark protocol-Aave revenue sharing system into the Maker ecosystem protocol and attempt to fix its flaws to align with expected behavior and expectations.
Maker Protocol Annualized Revenue Exceeds $165 Million
According to Makerburn.com data, the supply of DAI stablecoin has surged to a 5-month high of 5.35 billion. With the increase in supply, the protocol's annual income has also reached its highest point in two years at $165.4 million, which means that Maker currently earns about $165 million in fees per year.
After the DAI Deposit Interest Rate Was Raised to 8%, Its Market Value Increased by Nearly 1 Billion US Dollars in 7 Days
According to CoinMarketCap data, after MakerDAO raised the DAI deposit interest rate (DSR) to 8%, the market value of DAI has increased by nearly $1 billion in the past 7 days. The market value of DAI increased from $4.45 billion on August 6 to $5.33 billion.
In addition, according to the Makerburn dashboard, this incentive immediately affected the amount of DAI in DSR, increasing from 339.4 million on August 6 to 1.27 billion.
Spark Protocol Has a Market Size of Nearly $650 Million and Has Lent Over $209 Million in Assets
According to official data, the market size of Spark Protocol, a lending protocol under MakerDAO, has approached $650 million. In addition, Spark Protocol has lent out over $209 million in assets, of which the borrowing volume of DAI is $198 million, accounting for 95% of the total borrowing asset scale.
Justin Sun Once Again Mortgaged stETH To Mint 50 Million DAI and Deposited It in MakerDAO
According to blockchain analyst Yu Jin, Sun Yuchen continued to mortgage stETH through two addresses 10 hours ago and cast 50 million DAI into MakerDAO's DSR. Currently, Sun Yuchen has accumulated a total of 231,116 stETH ($4.28 million) through two addresses, casting 175.8 million DAI into DSR.Currently, the DSR deposit TVL is $1.17 billion, and Sun Yuchen's proportion is 15%.
Justin Sun Currently Mortgages a Total of 330 Million US Dollars Worth of stETH, Minted 117.8 Million DAI and Deposited It Into MakerDAO
August 10th, Justin Sun has currently staked a total of 157,000 stETH (worth approximately $330 million) and minted 1.178 billion DAI, which has been deposited into MakerDAO to earn its current 8% deposit interest rate.
Based on the current deposit interest rate, Justin Sun's 1.178 billion DAI is expected to earn $6.53 million in one year, or approximately $17,900 per day.
