MakerDAO voting on $100M loan participation with Florida commercial bank
Florida's Cogent Bank is proposing a $100 million participation in loans to MakerDAO's RWA Master Participation Trust.
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Florida's Cogent Bank is proposing a $100 million participation in loans to MakerDAO's RWA Master Participation Trust.
The on-chain DAO platform Tally pitched the new governance proposal on February 15 to the MakerDAO community.
Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry.
Collaboration between blockchain networks or WEB 3 projects often yields interesting results. MakerDAO is the latest crypto project to walk down this road courtesy of its new collaboration with Chainlink.
Cryptocurrency lending platform MakerDAO has integrated Chainlink Automation to stabilize the value of its stablecoin, DAI – a decentralized digital asset pegged to the USD. Chainlink shared the announcement in a press release on Thursday.
Integrating Chainlink Automation will allow third-party actors to perform essential and automated duties of Maker Protocol.
Maker [MKR], at press time, was closer to its November high of $925, but a few hurdles could complicate matters. At press time, MKR faced a price rejection at $823.
The effort is designed overall to shore up the stability of DAI
MakerDAO, one of the first decentralized finance (DeFi) Protocols built and established in the Ethereum blockchain, plans to launch Spark Lend (SL), a lending market focused on “liquid, decentralized, and high market cap assets.
Spark Protocol will be a front-end application that allows users to interact with Maker's flagship decentralized stablecoin DAI.
MakerDAO has added Chainlink's oracle to its technology stack for maintaining the stability of its DAI stablecoin.
Chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker's $5 billion DAI stablecoin.
Dai [DAI] is among the front-runners in the stable cryptocurrency market. By market capitalization, CoinMarketCap places it as the fourth-largest stablecoin and the seventeenth-largest cryptocurrency overall.
The second-largest decentralized finance (DeFi) protocol by total value locked (TVL), MakerDAO, reportedly wants to build its ecosystem
MakerDAO, the DeFi organization that facilitates the generation of the DAI stablecoin, is releasing Spark Protocol – a lending platform that will rival Aave.
DeFi stablecoin platform MakerDAO has proposed Spark Protocol. The new system is based on the Aave lending protocol's smart contracts.
The proposed Spark Protocol will leverage Maker's DAI stablecoin and its crypto assets for liquidity, and would be based on the Aave v3 smart contract system.
Lido Finance's [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave's [AAVE] lending pools on its protocol. Over the last week, MakerDAO's steCRV experienced a surge of 636%, while Aave's Wrapped stETH [wstETH] increased by 140%.
Yearn Finance, Balancer, Euler, MakerDAO, and more than 30 top DeFi dApps are taking part in a "creative campaign" to bring to light the various advantages of permissionless and decentralized protocols.
Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is asking for 20,000 MKR tokens to move forward with the idea.
MakerDAO, through its Governance Facilitator(s) and Starknet Engineering and Protocol Engineering Core Units, has proposed to redeploy its Teleport Layer 2 (L2) Gateways as part of several changes to be implemented to the DeFi protocol.
Key Points: MakerDAO's revenue has dropped dramatically in 2022, with the decision to switch to real assets being the protocol's primary source of income. According to the study, MarkerDAO overall income fell by 42% from 112 million DAI ($112 million) in 2021 to 65 million DAI in 2022.
Maker [MKR] offered over 30% gains to investors in January. At press time, MKR's value was $683 after losing substantial value in its recent price consolidation range.
With “scientific sustainability” as a core principle, the Maker Constitution is to play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund.