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Decentralized blockchain protocol MakerDAO has announced an upgrade for DAI and MKR tokens. The platform released two new assets, NewStable and NewGovToken which will exist alongside DAI and MKR.
TL;DR MakerDAO launches the NewStable and NewGovToken, while maintaining the availability of the current DAI and MKR tokens. NewStable will replace DAI for new transactions at a 1:1 conversion rate, while DAI will continue to be used for specific applications.
New MakerDAO tokens have been introduced, while DAI and MKR will remain available.
With the ongoing volatility in the cross-border payment system, the DeFi tokens have recorded a strong bullish recovery by displaying a positive price action over the past few days. Moreover, top tokens have successfully breached their important resistance levels, suggesting a bullish outlook.
MakerDAO securer Chronicle is launching its real-world asset oracle via integration with onchain protocol M^0.
Despite recent struggles, Bitcoin (BTC) has reclaimed the $60,000 price level and is trading at $61,100, up over 4% during the past 24 hours. BTC and Ethereum (ETH) were trading flat early on Monday but quickly shrugged off the initial lethargy to record noticeable gains.
MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo's wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to zero.
MakerDAO will extend its tokenization program by inviting companies to build new products based on short-term T-bills. Due to counterparty risk, Maker is overhauling its collateral portfolio after unwinding WBTC positions.
The governance of MakerDAO has made a bold decision to modify the terms of using Wrapped Bitcoin (wBTC) as security for new loans.
An executive vote among MakerDAO delegates lowered the WBTC debt ceiling to zero DAI, blocking any new loans using WBTC as collateral.
TRS filed the suits in September 2022, seeking payments for damages and the ability to instruct both DeFi platforms on the usage of the patented technology.
Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.
Maker (MKR) has seen a 7.47% increase in its value and a noticeable uptick in network activity following the announcement of Grayscale's new MakerDAO Investment Trust.
Grayscale Investments has launched a new fund focused on MakerDAO's governance token, MKR.
The price of Maker (MKR), the governance token of the MakerDAO protocol, has increased by 7.47% in the last 24 hours. This increase appeared after Grayscale revealed the launch of the MakerDAO Investment Trust on Tuesday.
On Monday, MakerDAO officially launched the Spark Tokenization Grand Prix, an ambitious competition to onboard up to $1 billion of tokenized assets, particularly focusing on short-duration US Treasury Bills.
To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale's product suite allows investors to gain exposure to MKR, the utility and governance token underpinning the Ethereum-based MakerDAO ecosystem.
Grayscale launches a MakerDAO fund to grant select investors exposure to MKR.
On August 13, Grayscale Investments, the world's largest cryptoasset manager and a whole-owned subsidiary of Digital Currency Group (DCG), unveiled the Grayscale MakerDAO Trust, which is designed to provide investors with direct exposure to MKR, the utility and governance token associated with MakerDAO, a decentralized autonomous organization (DAO) that governs the Maker Protocol, a decentralized
Grayscale Investments has introduced a new investment fund focused on MakerDAO's governance token, MKR.
The fund will invest in a single asset, MKR, and will be launched via private placement. In response to rising demand, Grayscale introduced two new investment products last week.
A look at Grayscale's MKR fund, Coinbase re-entering Hawaii, Bitfarms's co-founder stepping down from its board and more.
Grayscale Investments, the world's largest crypto asset manager, has introduced a new investment product: the Grayscale MakerDAO Trust. This trust gives investors easy access to MKR, the token that powers MakerDAO, a key player in the decentralized finance (DeFi) world.
Explore the top 5 Real World Asset tokens with 100% profit potential amid market volatility. Discover why Avalanche, Maker, Ondo, MANTRA, and Axelar are must-watch coins for the next two months.
