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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.
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.
