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MakerDAO has announced the removal of the leading lending platform, Aave, as one of those with direct deposit module (D3M) access to its lending pool. The post MakerDAO votes to disable Aave DAI deposit to stave off Celsius risks appeared first on CryptoSlate.
In an effort to reduce exposure to Celsius, MakerDAO has disabled DAI loans using stETH as collateral through the Direct Deposit Module.
The selloff in crypto assets has affected the decentralised finance (DeFi) space. Volumes locked have dropped significantly over the past month, and DeFi coin prices [.
MakerDAO said on Thursday it will disable direct deposits with peer Aave due to the latter's high exposure to a potential Celsius liquidation. The move was bought up in a governance proposal that was approved by the MakerDAO community, and is set to be executed on June 17.
Which cryptos are the biggest losers during this crypto crash? Here's our top 3, taking into consideration cryptos with a +$250M market cap.
Umee brings Dai (CRYPTO: DAI) into the Cosmos (CRYPTO: ATOM) Ecosystem, in partnership with MakerDAO (CRYPTO: MKR). As a borrowing and lending DeFi hub, Umee seeks to facilitate seamless cross-chain operations.
A detailed proposal to bring the MakerDAO (MKR) protocol to a “predetermined, immutable end state” by setting up several new decentralized autonomous organizations (DAO) has been published by the protocol's founder Rune Christensen. The plan aims to improve governance and tap into “the raw power of modern [decentralzed finance] (DeFi) innovation.”
The decentralised finance (DeFi) market currently has $55 billion in assets locked, representing a 10% jump in the past week. Could this be a good [.
Decentralized Finance, or DeFi, was created with a view to create a market of open finance, with minimal involvement of centralized financial intermediaries. The idea [.
The demand for DeFi coins has risen substantially in 2022 with DeFi making breakthrough improvements in its infrastructure over time. Some of the DeFi coins [.
A leading crypto analytics firm says three altcoins could be on the verge of short-term price bounces, starting with Binance Coin (BNB). BNB is in its fifth consecutive week of having a higher volume of transactions at a loss compared to transactions in profit. That metric indicates BNB has a higher likelihood of a short-term […] The post Binance Coin (BNB) and These Two Altcoins Are Flashing Short-Term Bullish Signals: Analytics Firm appeared first on The Daily Hodl.
With the claims of building the world's first unbiased currency and leading decentralized stablecoin, DAI, MakerDAO is a decentralized organization built on the Ethereum blockchain providing liquidity to its users. Recent data from DefiLlama showed that, with a total of $9.91b, MakerDAO is now the first in the ranking of decentralized applications in terms of […]
MakerDAO (MKR) total value locked (TVL) fell sharply to new lows in the last week of May due to decreased investor interest in decentralized finance (DeFi). The post MakerDAO Back on Top Despite Dropping $8 Billion in Total Value Locked (TVL) appeared first on BeInCrypto.
Following the crash of Terra's algorithmic stablecoin UST, what—if any—regulation should be in place to prevent a similar disaster in the future? MakerDAO Founder Rune Christensen shares his take on the need to regulate algorithmic stablecoins and why they need to be collateralized to work.
MakerDAO Founder Rune Christensen joins "First Mover" to share his take on the fallout of TerraUSD (UST) and how DAI is different from other stablecoins. 21Shares Co-founder Ophelia Snyder explains how her firm's two crypto index funds could provide benefits for U.S. customers in a volatile market.
Maker (MKR) has surged nearly 50% in value over the past week, following the collapse of algorithmic stablecoin TerraUSD (UST). The post Maker (MKR) Surges Following TerraUSD (UST) Collapse, Boon for DAI appeared first on BeInCrypto.
One decentralized finance (DeFi) altcoin is dramatically outperforming the vast majority of the crypto markets amid a major market correction. Maker (MKR), the 52nd-ranked crypto asset by market cap, is up more than 28.5% in the past seven days, trading for $1,570 at time of writing. MKR is the governance token that supports DAI, a […] The post Ethereum-Based Altcoin Soars 28% In Just One Week As Crypto Whales Dive In: Santiment appeared first on The Daily Hodl.
The MKR crypto is coming into the spotlight with its 30% gains on the week. The token is far and away the best-performing asset right now.
Beefy.Finance BIFI/USD, Maker MKR/USD, and Liquity LQTY/USD are tokens with huge potential for growth. Beefy Finance added vaults and stablecoin liquidity pools. Specifically, it introduced a quad-stablecoin liquidity pool composed of USDD/BUSD/USDT/USDC, integration with the Oasis Network, and 12 new vaults. According to data by Santiment feed, on May 14, 2022, Maker (MKR) saw major […] The post Top DeFi tokens not to miss on May 17 appeared first on Invezz.
MakerDAO returned to prominence after Terra's UST collapse forced investors to search for a truly “stable” dollar pegged asset.
Although the worldwide cryptocurrency market capitalisation recently dropped to $1.28 trillion, it has regained about 3% in the last 24 hours. As new breakthroughs such [.
Maker's MKR has risen by over 61 percent, according to Santiment feed, as the overall crypto market dips further. Sentiment on Twitter reported that the significant hike could be attributed to a recent spike in whale transactions propelling the asset…
Maker, which spiked by around 100% at some point, also reports increased whale activity
By now, any investor who follows crypto knows the market crashed and burned this week. Both Bitcoin and altcoins suffered immensely following headwinds (Rising inflation, interest rate hikes, and geopolitical instability).
