Nayms Raises at $80M Valuation in a Private Funding Round Led by UDHC
Nayms has now raised a total amount of $12m and long-standing supporters such as UDHC, New Form, Tokentus and Keyrock participated in the latest funding round assisting the insurtech startup in their busiest year to come.
MakerDAO Votes to Keep USDC as the Main Reserve
On March 20, a vote was opened for the MakerDAO community to ‘normalize’ the parameters of the Price Stability Module (PSM). As a result, USDC remained the main reserve asset of PSM.
Fortune Launches Crypto 40 Benchmark, Ranking Top Firms in Crypto Space Across Eight Categories
Fortune has launched its Crypto 40 benchmark, ranking the top 5 firms in the crypto space across eight categories, including CeFi, TradFi, VC, NFTs, Data, Infrastructure, DeFi, and Protocols. Empirical metrics and surveys of over 200 financial executives conducted by Researchscape were used to find the top 40 firms, with the Ethereum Foundation topping the Protocols category and Coinbase coming in first in the CeFi category.
Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward with ‘Endgame’ Plan
The lending platform MakerDAO has approved a new constitution and is moving forward with its endgame plan. The endgame plan is designed to transition the platform from a decentralized autonomous organization (DAO) to a more centralized structure, in order to improve its efficiency and scalability.
MakerDAO Maintains Trust In USDC Despite Depeg Debacle
Although USDC experienced a temporary depeg earlier this month, an overwhelming majority of the MakerDAO have chosen to retain their faith in the world’s second-largest stablecoin, dismissing any other viable options.
「Trend Research by LD Capital」MakerDAO, Igniting the Spark to the “All Things To Grow
MakerDAO, one of the most long-standing and successful crypto projects in decentralized governance, development, and operations, has entered the “Endgame Plan” phase.
Will MakerDAO’s New Changes Instill Confidence in DAI
Leading decentralized finance protocol, MakerDAO [MKR], has proposed changes to its Peg Stability Module (PSM) operations in response to DAI’s recent loss of parity with the US dollar. The proposal seeks community approval to adjust the PSM parameters. These were previously adjusted through a series of emergency proposals to prevent the stablecoin’s permanent de-pegging.
DAI Supply Has Fallen by 13% This Week
In the past week, MakerDAO has experienced a drop in total value locked (TVL), the supply of DAI, and annualized fee income, signaling some potential trouble for one of the world’s largest stablecoin issuers.
DAI-Stressed MakerDAO Struggles As Users Look Toward Other Stablecoins
While its DAI stablecoin regained its parity with the U.S. dollar last week, increased uncertainty as to whether a further de-pegging should be expected resulted in a decline in MakerDAO’s [MKR] total value locked (TVL) in the last seven days.
MakerDAO Suffers a Fall in Annualized Fee Income, Thanks to SVB
The annualized fee income of leading decentralized finance protocol MakerDAO [MKR] has declined since the collapse of Silicon Valley Bank (SVIB) on 10 March, data from MakerBurn revealed.
