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MKR, the native token of the Maker Protocol, has recorded substantial gains despite the most recent market downturn. After news of FTX's liquidity crisis rocked the crypto market, several coins have struggled to bag daily gains to no avail.
MakerDAO's new developments may reduce risk for its users Its TVL witnesses a slight decrease, but MKR's price continues to appreciate MakerDAO‘s latest update might help its users reduce their exposure to more risk via increased liquidity.
MakerDAO managed to witness some significant improvements in its performance over the past 30 days. According to data from Messari, the deposit, withdrawal and borrow volume grew significantly over the past month.
On Friday, local district police in Puerto Rico announced the results of the investigation into the death of MakerDAO Co-Founder Nikolai Mushegian. The report said there is no evidence of criminal elements involved in the death.
Recent changes at MakerDAO, the largest protocol on Ethereum, have brought traditional finance assets into its portfolio.
Fellow co-founder Rune Christensen paid tribute to Nikolai Muchgian, writing: "Maker would have been toast without him."
A 29-year-old man was dragged by water currents Friday morning on a beach in Condado, El Nuevo Dia reported, citing local police.
In a shocking turn of events, Nicolai Arcadie Muchgian, the 29-year-old co-founder of MakerDAO has been found dead. His death has shocked the crypto space that has been witness to a series of tweets that Muchgian had made days before his death.
Mushegian was an important figure in the crypto community, contributing to multiple projects, including MakerDAO, BitShares and Balancer.
MakerDAO co-founder, Nikolai Muchgian, is dead. He passed away in San Juan, Puerto, where his body was found by rescuers.
Nicolai Muchgian, coder and co-founder of MakerDAO, was found dead on the beach behind Ashford Hospital in Condado, Puerto Rico. The crypto community offers condolences on the death of the 29-year old coder who worked on several projects including Ethereum, MakerDAO, Bitshares, and DAI fork Rai by Reflexer Labs.
Whales showed massive interest in MKR. Coinciding with that, MakerDAO's team decided to invest $50 million in US government bond ETF's.
Opposing factions are forming within MakerDAO over founder Rune Christensen's controversial proposal.
Rune Christensen has come under some criticism for influencing a MakerDAO governance vote that will upend the DAO's structure.
BeInCrypto takes a look at the five projects that dumped the most last week in the crypto market, more specifically, from Oct. 14 to Oct. 21. The post XCN, MKR, CSPR, BNX and QNT Start to Dump After Loss of Support appeared first on BeInCrypto.
In a recent development, it was discovered that MakerDAO‘s portfolio's exposure to risk had grown quite a bit, even though it had declined steadily over the past six months.
The top US crypto exchange Coinbase is partnering with MakerDAO in a custody deal nearly doubling the exchange's US Dollar Coin (USDC) holdings. Under the agreement, MakerDAO, the decentralized autonomous organization (DAO) behind the stablecoin DAI, will deposit up to $1.6 billion of its USDC holdings with Coinbase Prime.
The extended bearish trend caused panic and massive sell-offs in the crypto space. But it seems that the industry still records progressive moves.
A proposal to deposit up to $1.6 billion in USD Coin (USDC) with Coinbase Prime, where it will earn 1.5%, has been authorized by the MakerDAO community. After Coinbase Institutional presented the proposal on 6 September, it was approved with 75% of the votes on 24 October.
MakerDAO (MKR) members voted in favor of founder Rune Christensen's "Endgame Plan" by an overwhelming majority of 80%. The post MakerDAO ‘Endgame Plan' Passed in a Vote Where Founder Had 60% Influence appeared first on BeInCrypto.
MakerDAO (MKR), the decentralized organization that manages the stablecoin DAI, will move $1.6bn of its USD Coin (USDC) reserves to Coinbase to earn a yield of up to 1.5%.
The MakerDAO community will earn a 1.5% reward on its USDC while holding funds with Coinbase Prime.
MakerDAO's (MKR) Endgame proposal was overwhelmingly passed by the community, with around 80% of the votes in support. The post MakerDAO MKR community approves ‘endgame' proposal appeared first on CryptoSlate.
Compound (COMP/USD), an Ethereum-based decentralised lending protocols that's among the top markets in the crypto industry, has adopted a proposal suspending the use of four digital assets as lending collateral. The move follows a governance vote that passed Proposal-131 by 99.
