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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.
Synthetic dollar issuer Ethena Labs has announced the launch of claims for its new governance token ENA. The protocol, known for its yield-earning USDe token, is looking to distribute 750 million ENA tokens through an airdrop.
MakerDAO, the governing body of the popular DAI stablecoin, is contemplating a substantial allocation of 600 million DAI to the fast-growing USDe synthetic dollar stablecoin via Morpho Labs. This strategic move comes as Ethena Protocol, the platform behind USDe, prepares to launch its native ENA token airdrop.
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.
ONDO's price experienced a significant surge amidst increasing interest in the Real-World Asset sector.
MKR's high MVRV ratio might present an opportunity for token holders to take profit.
Blockchain protocol MakerDAO (MKR) continues to see significant gains, maintaining a strong upward trend throughout the year. MKR has seen significant growth of over 358%, accompanied by positive metrics reflecting increased adoption and usage of the protocol.
The new crypto bull market has set the stage, and investors cannot ignore the potential of these altcoins to deliver 20X returns by 2025.
Bitcoin recovered the $68,000 level, triggering buying in NEAR, APT, RNDR and MKR.
MakerDAO's Endgame plan introduces new tokens and features to enhance user engagement and target mass adoption.
The ultimate goal of MakerDAO's Endgame is to scale the Dai supply to $100 billion and beyond.
MakerDAO, the organization behind the popular Dai stablecoin, has announced its ambitious "Endgame" plan for a multi-phased ecosystem overhaul.
MakerDAO Founder Rune Christensen has confirmed that MakerDAO will launch Phase 1 of the “Endgame” plan in Summer 2024.
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
TL;DR MakerDAO, a decentralized autonomous organization (DAO), is set to undergo a significant transformation with its “Endgame” plan. This plan aims to enhance scalability, resilience, and sustainable user growth on the platform. The plan introduces new tokens and scales its Dai stablecoin to boost market competitiveness.
MakerDAO founder Rune Christensen has announced on the project's official governance forum that the first phase of Endgame will launch in the Summer of 2024.
MakerDAO, the issuer of the DAI stablecoin, is targeting a new growth phase with its “Endgame” transformation. The DeFi protocol's co-founder Rune Christensen shared the next steps for the MakerDAO's five-phase plan via the protocol's official governance forum channel.
MakerDAO embarks on an ambitious "Endgame" plan to dramatically scale its Dai stablecoin and enhance platform resilience, introducing new tokens and a phased expansion strategy aimed at reshaping the DeFi sector.
MakerDAO will launch the first phase of Endgame in the summer of 2024, which will accompany two new tokens.
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 generates significant revenue as interest in DAI grows.
MakerDAO, the organization behind the popular stablecoin Dai (DAI), has implemented temporary adjustments to its protocol in response to recent market fluctuations.
