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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.
Coinbase has just submitted a proposal that could see MakerDAO earn $24 million annually if its community approves. The proposal comes just days after Rune Christensen's big push to make the MakerDAO protocol reduce its reliance on USDC as collateral.
As part of a proposal that was submitted by Coinbase, MakerDAO (MKR) could earn up to $24 million per year if it is accepted
Coinspeaker Coinbase Publishes Governance Proposal that Could Increase MakerDAO's Revenue by $24M
U.S. crypto exchange Coinbase Global Inc (NASDAQ: COIN) has put out a new proposal that would increase Maker DAO's (CRYPTO: MKR) revenue by $24 million a year. What Happened: In a new governance proposal released on Tuesday, Coinbase proposed transferring 33% or $1.6 billion of USD Coin (CRYPTO: USDC) on MakerDao's Peg Stability Module (PSM) into Coinbase's yield-bearing account.
Coinbase has submitted a proposal that could see MakerDAO (MKR) earn up to $24 million annually if passed. The post Coinbase submits proposal that could earn MakerDAO $24M annually appeared first on CryptoSlate.
T he cryptocurrency community seeks innovation and creativity while still seeking profits and wealth. We're all tired of boring finance and that's where meme coins, community-oriented, and innovative cryptocurrencies come in. The Big Eyes Coin (BIG), MakerDAO (DAI), and Tron (TRX) are industry-leading cryptocurrency ecosystems.
Picking up a new coin in crypto can lead to huge upsides. While it isn't without risk, it also gives you tons of potential for your investments.
The market for cryptocurrencies seems to be growing steadily. Most cryptocurrency fans and investors find it challenging to choose the cryptocurrency they want to invest in.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. MakerDAO's token MKR formed a series of lower highs on the price charts in recent days.
MakerDAO, on 1 Septermber, posted an announcement regarding a new executive proposal. The proposed executive propsal was for DAO members to cast their votes while making important decisions.
MakerDAO co-founder Rune Christensen outlined his vision for the DAI stablecoin, outlining the importance of a free-floating DAI and limited RWA (Real World Asset) exposure. Christensen suggested turning the stablecoin into a free-floating asset if the protocol cannot reach the 75% decentralized collateral threshold within three years.
The co-founder of MakerDAO has laid out his plan to convert the DAI stablecoin into a free-floating asset if the protocol fails to attain a 75% decentralized collateral level within three years.
Rune Christensen has outlined his vision for turning the DAI stablecoin into a free-floating asset if the protocol is unable to reach a 75% decentralized collateral threshold within three years.
MakerDAO co-founder Rune Christensen has reached out to the community in light of recent conversations of decoupling its native token from USD Coin (CRYPTO: USDC) amid the sanctioning of Tornado Cash to explain why free-floating Dai (CRYPTO: DAI) may be the only option for the decentralized autonomous organization (DAO). Christensen acknowledged underestimating the hazards associated with risk-weighted assets in his blog post titled "The Path of Compliance and the Path of Decentralization: Why Maker has no option but to Prepare to Free Float Dai.
