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MakerDAO, recently proposed to onboard $100 million worth of USDC into a iearnfinance on-chain vault. This move, according to the proposal, would give MakerDAO an estimated yield of 2% annually.
French Investment Bank Société Générale has minted a loan worth $7 million from MakerDAO, marking an important milestone that bridges TradFi and DeFi.
Société Générale, a French multinational investment bank and financial services company, has minted $7 million in DAI from MakerDAO. The post Investment firm Société Générale mints $7 million in stablecoin loan from MakerDAO appeared first on The Block.
In a recent turn of events, BlockTower Credit, an asset management firm, partnered with MakerDAO and Centrifuge to bring $220 million worth of real-world assets (RWA) into the DeFi ecosystem.
According to an 11 January report covered by Santiment, the MakerDAO [MKR] price might not yet correct its trend despite being one of the year's top performers. The governance token of the Maker Protocol began the year around $507.
According to Grand View Research, the global decentralised finance (DeFi) industry was worth $11.78 billion in 2021 and is predicted to grow at a compound annual growth rate (CAGR) of 42.5% between 2022 and 2030. The adoption of DeFi is the driving force behind the industry's growth.
In a new proposal, the Open Market Committee of the MakerDAO governance team is seeking community approval to implement some parameter changes to the operation of the decentralized finance protocol (DeFi) in light of recent events in the lending vertical of the DeFi ecosystem.
MakerDAO [MKR], the protocol which was reigning atop the DeFi space in terms of TVL, lost its spot to Lido on 3 January. However, the protocol remained undeterred and continued to build and invest funds to grow the DAO.
Leading decentralized finance protocol (DeFi) MakerDao [MKR] provided users with an overview of its current state in 2023. The DeFi protocol took to Twitter on 2 January to highlighted the amount of DAI tokens it had in circulation and its total value locked (TVL).
After flipping MakerDAO, Lido Finance is now the largest DeFi protocol in terms of total value locked, as liquid staking gains momentum post-merge.
Decentralized technologies are getting prioritized as they enhance privacy as well as the security of the users. MakerDAO is one of the prominent projects that has concentrated on the promotion of decentralized exchanges and stablecoins. Maker had showcased a splendid price rally by surging by a huge margin, in the recent past.
The price of Lido DAO has been skyrocketing while the protocol secures a top spot in TVL, overtaking MakerDAO. But is it approaching a price dump?
Key Points: Procedure for liquid staking Given that Lido Finance's total value locked (TVL) is now ranked first among other decentralized finance (DeFi) protocols, it appears that Lido Finance profited the most from the September Ethereum merger. In comparison to MakerDAO's $5.89 billion and AAVE's $3.
A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum's shift to proof-of-stake.
The team at Centrifuge is pleased to close the year with the official launch of a $220 million fund with their partners BlockTower Credit and MakerDAO.
According to new data provided by Messari, MakerDAO's revenue declined significantly over the last 30 days, despite showing growth in other areas.
Following an executive proposal decided upon on 11 December and executed on-chain on 12 December, MakerDAO [MKR] implemented an increment of its DAI Savings Rate from 0.01% to 1%.
Following an executive vote, DAI holders who deposit their holdings into the “DAI Savings Rate” smart contract can rake in a fixed yield.
MakerDAO has eight projects planned. Among these include increasing the interest rate on DAI and removing renBTC as security for DAI.
MakerDAO is set to execute what the protocol has called its most important deployments of 2022 which includes compensation for delegates. The post MakerDAO to execute bundled governance actions, including pay for delegates appeared first on The Block.
MakerDAO announced a new proposal that would remove REN BTC vaults Their revenue through real-world assets increased, however, TVL declined In a tweet dated 10 December, MakerDAO revealed that they would be off-boarding various vault types with risk exposure. One of them would be REN-BTC vaults if the new proposal is passed.
MakerDAO's TVL plunged over the past week Its price suffered as well, declining drastically over the past few days MakerDAO [MKR] experienced a substantial drop in its total value locked over the last seven days. This is unusual, considering that its contemporaries mostly saw some upside in their TVL.
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MakerDAO introduced a new token to add to its collateral Revenue generated increased due to real world assets and plans to increase yields get approved MakerDAO, in a new proposal on 3 December, decided to increase the yields gained by DAI holders. Along with that, MakerDAO also added new tokens to their collateral.
