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AaveDAO risk management contractor Chaos Labs proposed a 12% reduction in the Dai loan-to-value ratio after the stablecoin became partially backed by eUSD.
The decentralized finance (DeFi) protocol Maker (MKR) is considering allocating up to $600 million worth of its stablecoin DAI into markets for Ethena's synthetic dollar, USDe. Last week, Maker deployed 100 million DAI to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue, a lending protocol on Ethereum (ETH).
Aave is proposing a new framework as it gears up for the DeFi competition, ahead of MakerDAO's upgrade plans this year.
The cumulative supply of Tether, USD Coin, and Dai has risen to 141.42 billion dollars.
TL;DR Ethena Labs ENA Token: Ethena Labs has launched its governance token, ENA, with strong market anticipation reflected in prelaunch futures trading. The token debuted at 64 cents, aiming to strengthen Ethena's DeFi market presence and governance.
The Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao's aggressive expansion of the DAI credit line.
The proposal aims to lower risks with minimal user impact, as only a tiny portion of DAI is collateral on Aave, and users can switch to USDC or USDT.
Whales might be waiting for the market to correct significantly to fill up their coffers.
Is MakerDAO towing a dangerous path amid proposed plans to allocate $1 billion DAI to USDe?
Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation aims to improve risk management and maximize user incentives in the DeFi landscape.
Marc Zeller, the founder of the Aavechan Initiative, has proposed to the decentralized autonomous organization (DAO) overseeing Aave to remove DAI stablecoin's collateral status within the protocol's lending ecosystem.
MakerDAO is reportedly considering a substantial investment of $600 million in DAI into USDe and staked USDe (sUSDe) via Morpho Labs' DeFi lending protocol. This move is in line with the growth strategies of MakerDAO and extends the company's activity in the cryptocurrency lending sector.
The move would put Ethena total value locked growth "on track with internal expectations," according to Ethena's head of growth, Seraphim Czecker.
Spark, a Maker SubDAO-built DeFi infrastructure, has deployed $100 million in new DAI liquidity with Morpho Blue, Morpho's lending protocol. This move allows users to borrow Ethena's stablecoins, USDe and sUSDe, at highly efficient leveraged positions backed by MakerDAO.
Scam-as-a-Service kingpin Pink Drainer has staked 12 million DAI in Spark.
MakerDAO, creator of the DAI stablecoin, has a good problem: Demand for its product is high.
Data shows that the project may face a big challenge as it plans for a better blockchain.
The Endgame launch will occur in phases, starting with the “Launch Season” in summer 2024. This phase will introduce a new brand identity and two new tokens, NewStable and NewGovToken
The DeFi lending pioneer is poised to launch Phase 1 of its “Endgame” plan, which begins with rebranding, new tokens and scaling its Dai stablecoin.
TL;DR MakerDAO, the organization behind the stablecoin DAI, has implemented emergency fee increases in response to unprecedented market volatility and a significant reduction in reserves. The aim is to maintain the stability of DAI's peg to the US dollar despite a decrease in its supply and heightened market activity.
MakerDAO, the organization behind the popular stablecoin Dai (DAI), has implemented temporary adjustments to its protocol in response to recent market fluctuations.
In response to market volatility, MakerDAO, a leading decentralized autonomous organization (DAO), has initiated temporary fee adjustments, aiming to stabilize the Dai stablecoin. Concurrently, AltSignals continues to make waves with its AltAlgo indicator and ActualizeAI program, as the ASI token gains momentum.
The Dai savings rate will be hiked from 5% to 15%, among other changes meant to shore up the DAO's dollar-pegged stablecoin.
Stablecoin DAI has witnessed a fall in supply since the beginning of March.
