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MakerDAO, the decentralized autonomous organization behind the Dai stablecoin, has announced plans to introduce a new stablecoin named PureDai.

The original DAI will eventually phase out as users continue using PureDai or NewStable.

Rune Christensen, the founder of MakerDAO, has proposed a novel solution to the Stablecoin Trilemma. This trilemma posits that achieving a stable value pegged to the dollar, maintaining decentralization, and scaling to meet demand are mutually exclusive goals.

MakerDAO founder Rune Christensen said PureDai will serve as an decentralized alternative to its U.S. dollar-pegged stablecoin.

Aave has reduced its loan-to-value requirements for DAI after MakerDAO's stablecoin gained indirect exposure to Ethena's USDe.

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Declining volumes affect UNI and MKR's prices. Will the tokens recover anytime soon?

Whales reportedly had a field day over the weekend, gobbling up millions of dollars worth of digital assets from crypto exchange Binance.

MakerDAO has recently executed substantial sales of its governance token, MKR. According to the on-chain analytical platform Spot On Chain, MakerDAO's Multisign 0xbba deposited a significant 750 MKR, valued at $2.19 million, to Binance.

MakerDAO introduces NewStable and NewGovToken tokens - MKR reacts positively to the news.

MakerDAO is preparing to introduce two new tokens, NewStable (NST) and NewGovToken (NGT), signaling a significant phase in its development.

New MakerDAO tokens, NewStable and NewGovToken, were introduced to improve stability and governance.

MakerDAO has announced that it will launch two new tokens. The two tokens were announced in March and named NewStable and NewGovToken.

MakerDAO has hinted at the launch of two new tokens dubbed NewStable (NST) and NewGovToken (NGT), marking the beginning of a major season in its evolution. New MakerDAO Tokens Offer Flexibility The big reveal of the NewStable and NewGovToken crypto is underway after which the tokens will be introduced into the ecosystem.

MakerDAO experienced substantial growth in both its market cap and revenue over the previous year.

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Speculation of another sell-off by Maker may harm its token further.

DWF Labs, a known market maker and institutional investor in the cryptocurrency industry, has estimated profits superior to $8 million by trading JasmyCoin (JASMY) since June 2023.

In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent changes. Over the past few weeks, MakerDAO has implemented significant updates to the protocol and the DAI stablecoin.

The motivation to HODL comes as MKR's parent protocol MakerDAO geared up to launch Endgame

In a recent governance vote, MakerDAO, the decentralized autonomous organization behind the Dai stablecoin, has approved an expansion of its direct deposit module's deb.

MakerDAO approves plan to back up to $1 billion DAI with USDe and sUSDe.

This allocation aims to broaden MakerDAO's collateral exposure by incorporating Ethena's USDe into its ecosystem via Morpho.