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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 adjustments include changes to Maker Vaults, SparkLend DAI Borrow Rate, the PSM, the Dai Savings Rate (DSR), and the Governance Security Module (GSM) Pause Delay.
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.
Maker Dao, the body responsible for the development of the MKR token, has passed a new Executive Vote to bring new changes that will wade off any form of demand shock from the massive embrace sparked by the current bull rally. Maker DAO and the Proposed Changes Earlier on Friday, Maker DAO unveiled its plans
In today's dynamic crypto market landscape, an intriguing phenomenon showcasing a swap in assets garnered noteworthy attention among crypto market enthusiasts globally as the MKR, the native token of Maker, price soared nearly 20% following this swap in assets, piquing global attention. As per insights unveiled by the tracker Scopescan, Rune Christen, the Co-founder of
MakerDAO approves an Executive Vote for crucial changes in response to market conditions, aimed at stabilizing the DAI peg and enhancing the protocol's resilience.
MakerDAO, Ethereum's first defi lending protocol, has captured a 52% share in the ETH lending market.
DWF Labs announced its plan to invest $10 million into TokenFi's TOKEN over the next two years.
Rune Christensen diversifies, entering SHIB market with a strategic 7.4 billion token purchase at $0.00001334.
The boom of digital technologies contributes to the growing attractiveness of fintech cryptos as an investment option.
The cryptocurrency market is abuzz with anticipation as Ethereum's Dencun upgrade approaches, slated for March 13. This upgrade promises better usability, security, and fast transactions, potentially sparking a new altcoin season.
Story Highlights The live Price of Maker Dao is . Maker price could surge as high as $3,885 by the end of 2024. With a potential surge, MKR's price could reach $11,461 by the end of 2030. Decentralized technologies are getting prioritized as they enhance privacy and user security.
While AI tokens were grabbing attention in the crypto world over the past few weeks with soaring values, the focus has now turned to DeFi in the last few days.
Capital inflow shifted toward DeFi tokens from AI tokens, allowing cryptos like UNI to flourish.
SparkLend, the biggest SubDAO in MakerDAO's ecosystem is booming as inflows continue rising amid the ongoing crypto bull run. Data compiled by DeFi Llama shows that the DeFi total value locked (TVL) in the ecosystem has surged to a record high of over $3.26 billion.
Luno, the cryptocurrency investment app, has announced that it introduced three new virtual currencies to invest in that are frequently used by decentralized finance (DeFi) traders and investors.
Good fundamental cryptocurrencies with lower market caps can present appealing risk-reward potential in the constantly evolving crypto ecosystem. In this article, Finbold has picked three assets that could reach $10 billion in market value in 2024.
MakerDAO's DAI stablecoin has witnessed a significant decline in its supply.
One crypto whale is attracting notice for selling millions of dollars worth of a decentralized finance (DeFi) altcoin amid a market correction. According to blockchain tracking firm Lookonchain, one deep-pocketed investor sold their trove of MKR, the native token for the DeFi protocol Maker, within days as the asset dipped below $2,000.
The crypto markets have evolved ever since their inception with new projects that have come up with different use cases. DeFis thrived in 2020, NFTs in 2021, and a recent addition was the AI tokens, which have displayed their strength very frequently.
MakerDAO (MKR) faces large-scale selling activities after its co-founder made similar moves lately. Lookonchain revealed a substantial transaction, where a whale sold around 2,658 MKR coins at a $2,022 average price over the past four days. MKR's price reacted to the whale transactions with a more than 7% drop.
Whales have initiated large-scale MKR sales, leading to a decline in sentiment.
Despite starting the year strong, MKR has encountered a choppy path in recent weeks, leaving investors with a mixed bag of signals to decipher. While the decentralized finance (DeFi) leader has maintained its position above key support levels, concerns have emerged surrounding a prominent wallet's sizeable token sale and a declining trading volume.
