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MakerDAO [MKR] received a proposal revolving around a partnership from leading cryptocurrency exchange Gemini on 29 September. In a tweet by the decentralized stablecoin creator, Gemini offered to have GUSD run on the protocol's ecosystem.
The cryptocurrency market, which had been trading on a bullish note for most of the day, has yet again landed in the red zone. Bitcoin and Ethereum have dropped by 0.25% and 0.52%, respectively, in the last 24hrs. By default, this has caused most of the other large-cap cryptocurrencies to dip as well.
Be[in]Crypto takes a look at the five cryptocurrencies that increased the most last week, more specifically, from Sept. 23 to Sept.
XRP climbed above its 200-day moving average while MKR hit a three-week high. A higher-than-expected figure for core PCE, the Fed's preferred measure of inflation, may inject volatility into markets.
Bitcoin price remained stable the $19,000 level. BTC is currently (11:00 UTC) consolidating and facing resistance near $19,600. A clear move above the $19,600 and $19,650 resistance levels might start a strong upward move.
Circle and Binance are moving their pieces to win the stablecoin race. Gemini doesn't want to be left behind.
The proposal will see Gemini commit to a fixed rate payment on the GUSD stablecoin balance in the MakerDAO ecosystem for three months. The post Gemini wants to boost GUSD stablecoin volume in MakerDAO appeared first on The Block.
When it comes to Decentralized Finance protocols, a handful stands out from the pack.
With the global crypto market capitalization still below the $1 trillion mark, the once glimmering decentralized finance (DeFi) total value locked (TVL) has also witnessed a considerable pullback. The post DeFi TVL at Record Low but UNI, MKR, and AAVE Extend Rally appeared first on BeInCrypto.
Closing the trading month at an index price of $679.41, MKR recorded a 42% decline in its price in August. On a daily chart, this free fall in price within the 30-day period caused the token to make a falling wedge.
MKR trades below 50 and 200 EMA on the daily timeframe. Price breaks out of a falling wedge with eyes set on key resistance of $800.
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The first phase of GNO becoming a DAI collateral has passed as the MakerDAO governance voted yes to the proposal. The post MakerDAO governance votes yes to adding GnosisDAO token as collateral for DAI appeared first on The Block.
Blockchain analytics firm PeckShieldAlert informed the community on Twitter today (19 September) that a certain vault on MakerDAO was actively under the threat of liquidation as Ether's price dipped below $1300, at the press. As per data from Oasis.app, ETH-B Vault 28300, which currently has $4.3 million (3354.
According to reports, the MakerDAO vault is facing liquidation with over $4.3M locked up as collateral. This is due to the persistent price drop of Ethereum post-Merge despite crossing $1500 pre-Merge.
The crypto market has taken a beating in the past few days, with some DeFi vaults facing liquidation if ETH continues to drop. The post MakerDAO Vault With $4M+ Faces Liquidation As ETH Price Plummets appeared first on BeInCrypto.
DeFi protocol, MakerDAO [MKR], updated the risks it could face as a result of the Ethereum [ETH] Merge. Recall that the crypto lending project had initially highlighted some threats in August.
Maker, the DeFi framework that powers the DAI virtual currency, has declared that it had increased the borrowing limit on its Ethereum vault by twofold.
The popular crypto lending platform, Maker, has doubled its debt ceiling on the staked Ethereum (stETH) vault. Maker is the most significant decentralized finance (DeFi) protocol behind creating DAI stablecoin. Maker aims to move away the attention of investors and traders from stablecoins like USDC by reducing usage and reliance.
Following the tornado cash sanction, Coinbase proposed that MakerDAO will be the first client of its USDC institutional rewards program.
Users will not have to pay any fees on the position to Maker.
In a rapidly changing world, it's more important than ever for companies to have a robust and reliable audit system. Uniglo, a leading DAO project, has made the smart move of investing its time and resources in a top-tier audit.
Major cryptocurrency trading platform Coinbase is interested in forming a partnership with MakerDAO, the most prominent decentralized lending platform.
MakerDAO could begin earning a yield on its stablecoin reserves, but turning to Coinbase raises centralization concerns.
