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MakerDAO governance continues to actively participate in making additions to the protocol. Proposals to increase stability fees and Coinbase Custody as a collateral asset got proposed.
The maneuver is part of MakerDAO's earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase's custody arm.
Community governance recently approved MakerDAO's newly proposed constitution, an important step toward Rune Christensen's “Endgame” plan, and many changes can already be observed in the community.
In this article we will look together at the price analysis and future forecast for the crypto assets Maker (MKR), Stepn (GMT) and Gala (GALA).
Despite losing its dominance in terms of TVL to Lido, MakerDAO has continued to focus on its protocol and has continued to make changes to it. The protocol has been very active in terms of engaging with its community as well and has suggested new ways to improve its network through its governance.
MKR is on for a bull run as the asset looks to cross the $730 mark. Trading at $722, the crypto had recorded an increase in price valuation of 7% within 24 hours of press time.
As a lending protocol with deep roots in decentralized governance, Maker (MKR) has launched a new Executive Voting campaign as it seeks to introduce new changes to the protocol. Taking to Twitter about 10 changes, the Maker community is being enjoined to delegate their governance tokens to approved delegates.
The Maker (MKR) cryptocurrency has seen a sharp decline of 25% in its value after experiencing an impressive 100% rally in March. This sudden drop in value could be attributed to a combination of technical and fundamental factors that are currently affecting the digital asset.
MakerDAO and Aave saw notable gains, while Curve and Uniswap declined in terms of TVL in March. This article will discover how these and other DeFi protocols behaved in March.
MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, recently passed a new "constitution" aimed at formalizing its governance process and bolstering decentralization.This constitution is a key component of the "Endgame Plan" designed to transform MakerDAO into a truly decentralized organization, with DAI potentially becoming the world's reserve currency. The Maker Constitution acknowledges the inherent resilience of decentralized systems like Bitcoin and Ethereum, which have withstood adversarial events and remain uncensorable.
MakerDAO, which claims to be the longest-standing DeFi lending protocol and creator of DAI, the original, “decentralized” stablecoin, has announced the approval of the Maker Constitution.
Members of the MakerDAO [MKR] community voted in favor of a set of proposals on 27 March, which included “The Maker Constitution,” a set of new governance rules that have introduced significant changes to the leading decentralized finance (DeFi) protocol.
In an open poll on the matter that closed Monday, 76% of voters approved “The Maker Constitution,” authored by Maker CEO and co-founder Rune Christensen.
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities.
MakerDAO constitution will completely revolutionize governance at the DAO
The approved proposal aims to set a new foundation for the largest decentralized lending protocol's major restructuring called “Endgame.”
MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin. Although USDC experienced a temporary depeg earlier this month, an overwhelming majority of the MakerDAO have chosen to retain their faith in the world's second-largest stablecoin, dismissing any other viable options.
MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.
The passed measure ends the 1% USDC to DAI minting fee that was previously implemented.
In a recent vote, the MakerDAO [MKR] community reignited its trust in Circle [USDC]. The vote result showed that Maker would keep USDC as its primary reserve.
Voting members were presented with two options: keep USDC as the primary reserve backing its DAI stablecoin, or diversify
The MakerDAO community has voted to retain USDC as a key reserve for the DAI token despite recent turmoil for the Circle-issued stablecoin.
These three high-growth cryptos could be poised for a major breakout if the current positive momentum in digital assets is sustained.
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed.
