MakerDAO Passes Proposal for $750M Increase in US Treasury Investments
Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.
USDC Depegging Makes MakerDAO Introduce New Mechanism
In a new emergency executive proposal, leading DeFi platform MakerDAO [MKR] has sought community approval to introduce a debt ceiling breaker for collateral assets used to mint its DAI stablecoin.
MakerDAO Cites ‘Uncertainty’ To Usher In New Changes to Protocol
As the FUD around stablecoins gathers steam, many DeFi protocols have started to implement changes and proposals to their networks. MakerDAO, for instance, has deployed new parameters to mitigate the risk against the volatility of stablecoin markets.
MakerDAO Looks To Limit Volatility After USDC Troubles Pushed Some Users to DAI
MakerDAO, which manages the "decentralized" dai stablecoin, launched an emergency proposal to reduce the amount of DAI that can be minted with other centralized stablecoins after concerns over Circle's exposure to the shuttered Silicon Valley Bank pushed users away from USDC and into competing assets.
MakerDAO [MKR] Reacts to Stablecoin Contagion With This Proposal
MakerDAO aims to address the stablecoin challenge with an emergency proposal. The latter will focus to limit exposure to distressed stablecoins while also strengthening the stability of DAI’s peg.
MakerDAO Passed Emergency Proposals to Adjust Risk Associated With USDC-Related Assets
These changes are slated to be implemented within the next 48 hours, specifically at 16:14 UTC on March 13th.
Crypto Morning Briefing: MakerDAO Founder Calls for Rebranding of DAI Stablecoin
New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security; Blockchain.com to Suspend Operations of Asset Management Arm; Gateio Launching Debit Card Supporting Shiba Inu & Crypto Payments Across Europe; Binance Approves TerraClassicUSD (USTC) Against Tether USD (USDT) Trading Pair
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
MakerDAO’s DAI stablecoin could be due for a makeover.
MakerDAO Faces Criticism Over Tokenomics Plan Amidst High-Stakes US Treasury Investment Strategy
MakerDAO, the governance token behind the fifth most popular stablecoin DAI, is contemplating an increase in its United States Treasury bond investments to $1.25 billion from its previous allocation of $500 million.
MakerDAO Mulls Expanding US Treasury Bond Investments to $1.25B
MakerDAO is considering raising the ceiling of its Treasury bond investments to $1.25 billion. A proposal was listed on March 6, stating that it would help take advantage of the current yield environment.
