MakerDAO Community Considers Increasing DAI Savings Rate to 3.33% in Pivotal Vote
The MakerDAO community is preparing for a significant vote on a proposal to increase the Dai stablecoin savings rate to 3.33%, which could have wide-ranging impacts on the DeFi ecosystem. The Dai Savings Rate (DSR) is a key monetary driver in MakerDAO's ecosystem, providing users with a steady interest rate on their deposits. The revenue to fund the DSR comes from stability fees paid by users who lend DAI against collateralized assets. The vote, which is imminent, will also consider adjustments to stability fees on certain collateral classes.
MakerDAO Announces Major Overhaul: Embracing Anonymity
MakerDAO, a decentralized autonomous organization, is set to approve governance proposals that will enforce anonymity for delegates. The proposals have received over 88% of votes in favor of approving the changes.
MakerDAO Announces "Endgame" Update to Revolutionize DeFi with AI Tools and Open Processes
MakerDAO, the DeFi project behind DAI stablecoin, has announced a major update called "Endgame" that aims to enhance efficiency, resilience, and participation by using AI tools to optimize processes. The update will be launched in five phases, with the first phase focusing on improving the scalability and efficiency of the Maker Protocol. The subsequent phases will introduce the SubDAO framework, enhance the governance mechanism, introduce new collateral types, and focus on the project's long-term sustainability. The ultimate aim is to create an unbiased world currency that is not necessarily pegged to the USD.
MakerDAO Announces "Endgame" Roadmap with AI Focus and New Blockchain Development
MakerDAO, the organization behind DAI stablecoin and MKR governance token, has announced a series of updates to its ecosystem.
MakerDAO Unveils AI-Powered Governance Model and New Tokens in Bid To Become Top Stablecoin Project
MakerDAO has unveiled a governance model that will utilize artificial intelligence (AI) and introduce new crypto tokens under a new brand. The AI tools will create a "governance equilibrium" that guides development, while the new tokens will unite the Maker governance token (MKR) and the Dai stablecoin (DAI).
MakerDAO unveils roadmap for major update "Endgame" featuring AI tools and new blockchain
MakerDAO, the decentralized platform behind the DAI stablecoin, has released a roadmap for a major update called Endgame. The update aims to improve efficiency, resilience, and participation by using AI tools and open, scalable processes. The short-term goal is to become the most widely-used stablecoin project within three years. The update will include a unified brand identity, six new SubDAOs, and a new blockchain that is tightly coupled to Ethereum. The deployment of the new blockchain will be the final step in the Endgame launch process, leading to a decentralized, self-sustainable, and immutable ecosystem.
MakerDAO Launches Spark Protocol, a Lending Solution for DAI Users on Ethereum Blockchain
MakerDAO, a decentralized autonomous organization operating on the Ethereum blockchain and issuing stablecoin DAI, has launched the Spark Protocol, a lending solution for DAI users. The platform provides users with supply and borrowing features for cryptocurrencies such as ETH, stETH, DAI, and sDAI, and aims to offer competitive interest rates. The Spark Protocol is linked to Maker's D3M system, which enables interaction between the Maker ecosystem and third-party lending pools, and promises to enhance MakerDAO's DAI lending capabilities and increase liquidity. MakerDAO recently proposed a new "constitution" to formalize its governance processes and safeguard against potential threats from malicious actors.
Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share
Currently, the combined TVL across all defi platforms stands at $49.31 billion as of May 6, 2023, with Lido Finance leading the pack by commanding a 24.82% share of $12.24 billion on Saturday.
MakerDAO Approves Coinbase Custody for Onboarding 500 Million USDC to Institutional Rewards Program
The transfer involves moving 500 million USDC from the PSM to Coinbase Custody International Limited (CCI) to participate in the Coinbase Institutional USDC Rewards Program.
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield
Crypto lending protocol MakerDAO approved opening a real world asset (RWA) vault for Coinbase Custody and the transfer of up to $500 million in USDC stablecoins, according to a vote concluded on Thursday.
