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Key Points: On Wednesday, an arbitrage bot borrowed $200 million worth of the dai stablecoin (DAI) from MakerDAO using the DssFlash contract. This contract permits users to borrow any amount of DAI without incurring fees, according to crypto data provider Arkham Intelligence.
An arbitrage bot flash loaned $200 million worth of the dai stablecoin from MakerDAO on Wednesday, making a $3.24 profit after transaction fees.
Key Points: According to data from MakerBurn, the decentralized autonomous organization (DAO) MakerDAO has achieved a significant milestone, with its current annualized income reaching a record high of $95 million. This marks a substantial increase of 147% since the beginning of the year, making it the highest level recorded since mid-February 2022.
In a recent announcement, MakerDAO revealed that approximately 42% of the initial use cases for DAI, the stablecoin issued on the Ethereum blockchain, are within decentralized exchanges (DEXs).
The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds via crypto asset manager BlockTower Capital. "The Hash" panel discusses the outlook for the Maker ecosystem.
Injective (INJ) is in the process of breaking out from a descending resistance line. Aptos (APT) and Sun (SUN) could soon break out from long-term resistance lines.
The MakerDAO community has voted to approve a $1.28 billion investment in United States government bonds. The vote is a sign of the DAO's willingness to invest in more traditional assets.
A MakerDAO vote ending Thursday approved the proposal to invest up to $1.28 billion in US Treasuries.
The community behind MakerDAO has voted in favor of a proposal that will see the DeFi protocol purchase $1.28 billion worth of short-dated U.S. Treasuries.
According to data from DeFiLlama on May 31, MakerDAO, an Ethereum-based decentralized money market that enables the borrowing and lending of assets, including ETH, expends approximately $27.66 million annually to sustain the protocol.
The protocol's community voted for onboarding a new real-world asset vault that would invest up to the additional amount in U.S. Treasury bonds.
The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP's total supply.
MakerDAO did not turn out the way founder Rune Christensen hoped it would. The rise of undesirable human behavior, he realized, was inevitable.
The MakerDAO community is buzzing with anticipation as they prepare for a crucial vote that could shape the future of decentralized finance (DeFi). The proposal at hand involves increasing the savings rate of MakerDAO's stablecoin, Dai (DAI), to 3.33%.
In a move set to impact the decentralized finance (DeFi) ecosystem, MakerDAO, a leading Ethereum-based protocol, is gearing up for a crucial vote on a proposal to raise the savings rate for its stablecoin, DAI, to 3.33%.
The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin's savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title “Stability Scope Parameter Changes #2.” Block Analitica Proposes Raising DSR to 3.
The MakerDAO community is gearing up for an important vote that could have significant implications for the decentralized finance (DeFi) ecosystem. The proposal aims to raise the Dai stablecoin (DAI) savings rate (DSR) to 3.33%, potentially impacting interest rates across the DeFi landscape.
MakerDAO's new proposal aims to increase DAI savings rate to 3.33%, potentially reshaping DeFi interest rates and attracting more capital to DAI.
Decentralized finance (DeFi) protocol MakerDAO increased its DAI savings rate (DSR) to 1% in December 2022. The move led to over 35 million DAI being deposited within a month, as per MakerDAO.
The MakerDAO community is preparing to vote on a proposal to raise the Dai Savings Rate (DSR) from 1% to 3.33%. DSR is the interest rate earned by individuals who lock their DAI into MakerDAO's DSR smart contracts.
Five months after raising the DAI savings rate (DSR) to 1%, the MakerDAO community is expected to soon vote on a new proposal that seeks to increase the DSR further to 3.33%.
The DAI savings rate was previously increased to 1% in December 2022, and led to 35 million DAI being deposited in the span of a month, according to MakerDAO.
MakerDAO is making a proposal to increase the DAI Savings Rate (DSR) to 3.3%. If accepted, the proposal would constitute a significant increase from the current rate of just 0,6%.
"Brace yourself, DAI holders, for a DSR at 3.33%," MakerDAO said on Friday, referring to a proposal that would raise the rate.
