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The MakerDAO community rejected a proposal to use up to $500 million in stablecoin USDC to invest in bonds with crypto investment firm CoinShares. MakerDAO founder Rune Christensen discusses the reason behind the rejection and his outlook for decentralized finance.
MakerDAO voted to implement the DSR that would see DAI holders get 1% of their investments DAI, currently the fourth largest stablecoin, witnessed a decline in volume over the last 24 hours MakerDAO, the governance division of Maker, the company that issues DAI, recently voted on the addition of interest rates in a proposal on 28
MakerDAO has voted in favor of a proposal to increase its flagship stablecoin DAI rewards from 0.01% to 1%.
The vote on the proposal to increase the DSR by 1%, 0.75%, 0.5% or 0.25% has ended
Almost 73% voted against CoinShares' proposal to invest $100-$500 million in U.S. bonds.
MakerDAO seeks votes from community members to hike its DAI Savings Rate. At press time, members voted overwhelmingly in support of a 1% increment.
MakerDAO — the decentralized autonomous organization managing the DAI stablecoin — is voting to decide whether to increase DAI's interest rate.
The dai (CRYPTO: DAI) savings rate (DSR), or the rate of interest the protocol pays to dai stakers, is up for voting in MakerDAO's governance forum. The MakerDAO Open Market Committee has proposed that the DAO members vote on whether to boost the current yield rate of 0.01% to one of four rates: 1%, 0.75%, 0.5%, and 0.25%.
MakerDAO's governance forum is voting to increase the dai savings rate (DSR), which is the rate of interest the protocol pays to dai stakers. The post MakerDAO is voting on increasing yield for the dai stablecoin appeared first on The Block.
As crypto lenders and centralized exchanges collapse left and right, Kaiko has a new data product tracking DeFi lending and borrowing. The post Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive appeared first on The Block.
About 72.43% of the community votes went against CoinShares' proposal to invest MakerDAO's funds into various traditional assets
MakerDAO has offered to integrate the Optimism chain on its network subject to community approval Its stablecoin, DAI, has remained top of supply on the protocol, and could also be impacted by the integration MakerDAO's [MKR] mission to enable its users to get better incentives seems to have taken another turn with a proposed Optimism [OP]
MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. The move comes after the team at Ren stated that the current Ren 1.0 protocol will be closed.
The Alameda-linked tokenized Bitcoin asset will no longer be used to back DAI.
MakerDAO governance community has agreed to remove renBTC, the Bitcoin token issued by Alameda Research's Ren Protocol, as a collateral asset for the decentralized stablecoin, Dai.
MakerDAO offboards the renBTC vault from its platform as a risk management procedure. It urges the vault users to close their positions before Dec 7 to avoid liquidation.
GnosisDAO's GNO token is now one step away from being an approved collateral for minting the DAI stablecoin on MakerDAO. The post MakerDAO delegates approve GnosisDAO token as DAI collateral appeared first on The Block.
Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral. The post MakerDAO passes vote to close Alameda-linked renBTC as stablecoin collateral appeared first on The Block.
MakerDAO has liquidated a few of its vaults to reduce risk and exposure to bad debt Whales continue to show interest in the token, despite its TVL declining After the FTX debacle, many in the crypto-community have put their faith in DEXs.
Rocket Pool staked ETH (rETH) has been deployed as a new collateral type on the Maker Protocol, allowing DeFi users to use a liquid staking derivative to promote decentralization.
MakerDAO, which claims to the “longest-standing” decentralized finance (DeFi) lending protocol and creator of DAI, the original, decentralized stablecoin, announces the launch of Maker Teleport, a multichain infrastructure for teleporting DAI across different blockchain networks.
MakerDAO's new technology, Maker Teleport, enables users of the DAI stablecoin to circumvent Ethereum's congested base layer.
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 proposed change would prevent certain coins that have fallen in value recently from being used as collateral.
