MakerDAO Favors Holding GUSD Stablecoin as Part of Reserve in Early Voting
Decentralized finance giant MakerDAO's community was heavily favoring keeping Gemini’s GUSD stablecoin as part of Maker’s reserve in an ongoing vote that is testing confidence in Gemini, the Winklevoss-founded exchange that has been swept up in recent crypto contagion.
MakerDAO Voting To Limit DAI Exposure to Gemini Amid Insolvency Fears
MakerDAO has begun voting on a pair of governance polls designed to limit exposure of the DAI stablecoin to Gemini as a result of the current liquidity crisis facing the exchange's lending platform called Earn.
DeFi Begins Recovery As TVL Exceeds $45 Billion
The bear cycle caused a lot of downturns in many sectors of the We3 industry including DeFi. However, following the ongoing so-called ‘mini bull run,’ we’ve seen DeFi TVL start to recover from the lower lows and surge by nearly 20% since the beginning of the year.
Investment Firm Société Générale Mints $7 Million in Stablecoin Loan From MakerDAO
Société Générale, a French multinational investment bank and financial services company, minted $7 million as a loan of dai stablecoin from its issuer MakerDAO.
Societe Generale Withdraws $7M in DAI From MakerDAO Vault
French banking giant Societe Generale has used its MakerDAO vault for the first time to withdraw $7 million worth of MakerDAO’s stablecoin DAI.
MKR’s Reversal May Not Be on the Cards As Burn Trial Takes Center Stage
According to an 11 January report covered by Santiment, the MakerDAO [MKR] price might not yet correct its trend despite being one of the year’s top performers. The governance token of the Maker Protocol began the year around $507.
DeFi Statistics in 2022
Nansen takes a look at how DeFi has performed and highlights interesting statistics about DeFi.
Assessing the Current Status of MakerDAO for Long-Term MKR Holders
MakerDAO [MKR], the protocol which was reigning atop the DeFi space in terms of TVL, lost its spot to Lido on 3 January. However, the protocol remained undeterred and continued to build and invest funds to grow the DAO.
Assessing MakerDAO’s [MKR] health following its displacement by Lido
Leading decentralized finance protocol (DeFi) MakerDao [MKR] provided users with an overview of its current state in 2023. The DeFi protocol took to Twitter on 2 January to highlighted the amount of DAI tokens it had in circulation and its total value locked (TVL).
Lido Overtakes MakerDAO and Now Has the Highest TVL in DeFi
Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols.
