Over the weekend, the depegging of two major stablecoins, USD Coin (USDC) and Dai (DAI), from the US dollar prompted a frenzy of loan repayments on decentralized lending protocols Aave and Compound. B...
Tag: DAI
MakerDAO voting to limit dai volatility during market emergencies
MakerDAO delegates are voting on a proposal to introduce a debt ceiling breaker for collateral assets used to mint dai — to prevent situations where the protocol’s stablecoin is adversely impact...
MakerDAO looks to limit volatility after USDC troubles pushed some users to DAI
MakerDAO, which manages the “decentralized” dai stablecoin, launched an emergency proposal to reduce the amount of DAI that can be minted with other centralized stablecoins after concerns ...
DAI was flawed from the beginning says DeFi founder
Andrey Shevchenko — the founder of decentralized finance (DeFi) protocol Zircon Finance — shared his view that MakerDAO’s (MKR) so-called “decentralized stablecoin” DAI’s (DAI) introduction of USD Coi...
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle Internet Financial’s USDC stablecoin saw almost $3 billion in net redemptions, defined as the total number of USDC burned minus the number of USDC minted between Friday, March 10 and press time...
USDc and DAI Re-Peg – Trustnodes
USDc is back to being worth precisely one dollar after it fell to as low as 88 cent following revelations Circle held $3 billion in the Silicon Valley Bank (SVB). The near collapse of SVB, which at so...
Top Stablecoins Flirt With USD Peg After Crashing to All-Time Lows
Circle’s USDC and other stablecoins are still struggling to return to their US dollar peg after collapsing over the weekend in response to a spate of crypto bank failures. USDC was trading at under $0...
DAI recovers after severe depeg caused by USDC ripple effect
MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of...
Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data
Crypto exchange Huobi converted $100 million worth of USD Coin (USDC) to Dai (DAI) as uncertainty spread in the stablecoin market this weekend, on-chain data shows. According to blockchain tracking fi...
Decoding the latest USDC update- Are USDT and DAI safer bets
Circle’s new statement revealed that USDC was 100% collateralized with the majority of its holdings collateralized through U.S. treasury bills. Many investors sold their USDC, some, however, bought th...
MakerDAO Devises Emergency Plan To Safeguard DAI Stablecoin
6 seconds ago | 2 mins read Altcoin News The value of DAI, a stablecoin tied to the U.S. dollar, fell to an all-time low of $0.88. The stablecoin issuer has recommended similar measures for DeFi proto...
Aavegotchi bonding curve closes on exact day of DAI depeg
According to play-to-earn nonfungible tokens (NFT) protocol Aavegotchi on Mar. 11, the entity closed the bonding curve defining the exchange rate between its namesake token (GHST) and the DAI U.S. dol...
Will MakerDAO’s New Change Save DAI From Becoming Another UST?
In the midst of the chaos that is presently plaguing the crypto market for the past twenty-four hours — with USDC depegging from its $1 value to rising concerns over the extent to which it can affect ...
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $.3.3 billion of Circle’s ...
DAI Depegs as Stablecoin Rout Plagues Crypto
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USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB
The fallout from the collapse of Silicon Valley Bank spread overnight to the USDC stablecoin, which lost its peg to the U.S. dollar and dropped as low as $0.88. Following Circle’s disclosu...
Stablecoins In Trouble? USDC, DAI, USDD Depeg As SVB Crisis Deepens
Crypto News: Dealing with a heavy sell off, the global digital asset market registered a broad recovery on Saturday morning. Bitcoin, Ethereum price jumped by 3% and 5%, respectively. However, the top...
ChatGPT and Crypto in Comparison: TMS Network (TMSN) vs DAI vs Optimism (OPT)
Ever since going public, ChatGPT has caught the world’s attention. It’s as intriguing as it is frightening! ChatGPT has been a platform of choice for users to compare different digital assets, such as...
MakerDAO Analyst: You Cannot Change World with $100M DAI Tokens
A financial analyst recently discussed the financial operations of Maker DAO. Derivaux said the DeFi giant needed scale to bank the unbanked. The crypto community criticized allowing the MKR token to ...
MKR Price surged, MakerDAO may enable MKR as collateral for DAI
1 MakerDAO plans to enable MKR as collateral for the DAI stablecoin 2 Maker (MKR) token price surged 13% and formed a bullish continuation pattern 3 MKR crypto price breakout of the 200 day EMA and pr...
MakerDAO Proposal to Borrow DAI With MKR Token Faces Heat
Decentralized stablecoin DAI is creating headlines for the wrong reasons following MakerDAO’s Endgame tokenomics. Some even raised concerns by recreating links to Terra ecosystem collapse and UST de-p...
Crypto Community Disagrees as MakerDAO Will Allow MKR to Borrow DAI
A Twitter user said the co-founder of MakerAO made a disappointing proposal. The proposal was that MKR should be used to borrow the DAI stablecoin. The BitMEX co-founder compared it to the case of the...
MakerDAO [MKR]: Will DAI adoption improve with new protocol?
MakerDAO’s new protocol could help improve DAI adoption. Selling pressure on MKR increased as MVRV ratio rose. Messari, in a 22 February tweet, announced the launch of MakerDAO’s new vertically integr...
Bitcoin slips as altcoins lead drop in prices
Markets • February 21, 2023, 8:31AM EST Cryptocurrency prices dipped over the past 24 hours. Altcoins experienced a sharp sell-off, with Polygon’s MATIC down about 5% as the project announced jo...
DAI Finds Its Spark With Spark Lend
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Last week a Maker DAO cluster launched a new lending market. Think Aave, because, well, it is actually using much of the...
DeFi Platform MakerDAO Integrates Chainlink Automation for Stablecoin DAI ⋆ ZyCrypto
Advertisement     The step aims to stabilize the stablecoin amid a volatile market. According to the Maker’s voting page, the new system goes live on Feb.11. Cryptocur...
Maker Dao integrates chainlink for DAI stablecoin
MakerDAO, the decentralized autonomous organization behind the popular DAI stablecoin, has recently announced a partnership with Chainlink, a leading decentralized oracle network. The integration of ...
MakerDAO partners with Chainlink Automation for DAI stablecoin
MakerDAO recently announced the successful integration of Chainlink Automation. As the creator of DAI, the protocol has onboarded Chainlink to its Keeper Network. MakerDAO’s Keeper Network acts as an ...
MakerDAO integrates Chainlink oracle to help maintain DAI stability
MakerDAO integrated Chainlink’s decentralized oracle into the framework that helps to maintain the stability of its DAI stablecoin, after a successful governance vote. With the vote passed, Make...
MakerDAO proposes Spark Protocol focused on DAI: ‘Endgame plan’
Maker’s governance forum had a proposal posted on Wednesday about Spark Protocol. It would allow lending and borrowing assets focused on DAI. The proposal is a part of the ‘Endgame plan.’ As per the...
All Major Stablecoins USDT, USDC, DAI Surging Again, Data Says
Vladislav Sopov Leading on-chain data vendor IntoTheBlock shares inspiring ‘reversal’ statistics for cryptocurrency bulls Contents After 10 painful months, stablecoins started gaining trac...
Vitalik Buterin closes seven-month short trade on RAI token, netting $92,000
Ethereum co-founder Vitalik Buterin closed a seven-month short position on the non-pegged purported stablecoin RAI, netting a cool $92,000, according to on-chain records. Buterin took the trade ...