DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin
MakerDAO, one of the largest decentralized finance (DeFi) platforms, successfully onboarded blockchain data provider Chainlink’s smart contract automation into its Keeper system that maintains the stability of Maker’s DAI stablecoin, Chainlink Labs announced Thursday in a press release.
MakerDAO Community Proposes Spark Protocol, Details Inside
Dai [DAI] is among the front-runners in the stable cryptocurrency market. By market capitalization, CoinMarketCap places it as the fourth-largest stablecoin and the seventeenth-largest cryptocurrency overall.
DeFi Pioneer MakerDAO Announces Aave Competitor Spark Protocol
Decentralized finance (DeFi) stablecoin platform MakerDAO has proposed Spark Protocol. The new system is based on the Aave lending protocol’s smart contracts.
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
Leading MakerDAO community participants have proposed creating a liquidity market called Spark Protocol for lending and borrowing crypto assets focused on DAI, Maker’s $5 billion stablecoin, according to a proposal posted on Wednesday in Maker’s governance forum.
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
Leading MakerDAO community participants have proposed creating a new liquidity market called Spark Protocol for lending and borrowing crypto assets focused on DAI, Maker’s $5 billion stablecoin, according to a proposal posted on Wednesday in Maker’s governance forum.
MakerDAO Manages To Increase Profit to $19 Million
The year 2022 turned out to be not at all in favor of MakerDAO. It painted quite a solemn picture for the second-in-line DeFi protocol. It happened to have witnessed a full 79% downfall in terms of operating earnings. Even its top-rung revenues saw a downward slide to the extent of 42%. However, despite all of that and the fact that the crypto’s dismal happening that took place in the same year, it somehow was able to rise to the occasion and make some additional profits for itself. The factor also helped that the entity had adopted real-time assets, which pushed things upwards.
Lido Reacts in This Manner Post Changes to MakerDAO and Aave Lending Pools
Lido Finance’s [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave’s [AAVE] lending pools on its protocol. Over the last week, MakerDAO’s steCRV experienced a surge of 636%, while Aave’s Wrapped stETH [wstETH] increased by 140%.
Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea
Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is asking for 20,000 MKR tokens to move forward with the idea. The draft of the Maker Constitution was criticized on social media, with one person comparing Christensen’s idea to the Effective Altruism movement, which is backed by the controversial FTX co-founder Sam Bankman-Fried.
NFTs, DeFi Off to a Bright Start in 2023, January Outlook Reveals
Recent on-chain observations from DappRadar and cryptoslam. io reveal positive uptrends in DeFi and NFT sales for the month of January. Over $997 million was recorded in total sales over the 31-day period representing a 41% uptick from December figures.
MakerDAO Is Set To Temporarily Shut Down Its Teleport L2 Gateways
MakerDAO, through its Governance Facilitator(s) and Starknet Engineering and Protocol Engineering Core Units, has proposed to redeploy its Teleport Layer 2 (L2) Gateways as part of several changes to be implemented to the DeFi protocol.
