press release PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stableco...
Tag: DAI
Paxos wants to up USDP collateral backing for MakerDAO’s DAI stablecoin
Paxos has proposed a partnership with MakerDAO that will essentially increase the Paxos dollar (USDP) backing for the DAI stablecoin issued by the Maker protocol. Before it, Maker collaborated with Ge...
MakerDAO approves 85% Gemini USD holdings in DAI stablecoins
The MakerDAO community voted in favor of keeping Gemini USD stablecoin as part of the protocol’s DAI stablecoin reserves amid concerns about insolvency. The MakerDAO community earlier started voting o...
MakerDAO voting to limit DAI exposure to Gemini amid insolvency fears
MakerDAO has begun voting on a pair of governance polls designed to limit exposure of the DAI stablecoin to Gemini as a result of the current liquidity crisis facing the exchange’s lending platf...
Societe Generale Withdraws $7M in DAI From MakerDAO Vault
French banking giant Societe Generale has used its MakerDAO vault for the first time to withdraw $7 million worth of MakerDAO’s stablecoin DAI. In August 2022, MakerDAO added the bank’s digital ...
Profanity hacker transfers 2.5m DAI and 421 ETH after three months of inactivity
The wallet of the hacker labeled as the Profanity exploiter has transferred 2.5m DAI and 421 ETH to 0xc53 months after remaining dormant for three months. The hacker got away with $950,000 worth of et...
Over $8,000,000 Worth of Ethereum (ETH), Binance Coin (BNB), Tether (USDT) and DAI Stolen in Crypto Wallet Hack
Hackers have made off with more than $8 million worth of Ethereum (ETH), Binance Coin (BNB), Tether (USDT), and Dai (DAI) after exploiting the Web3 crypto wallet BitKeep. The blockchain security firm ...
BitKeep Exploiter Sends 1M DAI to OKX and 180K DAI to KuCoin
– Advertisement – The recent transfers are the latest in a series of funds movements intended to conceal the stolen assets. The hackers involved in the recent BitKeep exploit have transfer...
BitKeep Wallet Exploited for $8M in BNB, ETH, USDT, DAI
PeckShield, the blockchain analytics and security company, reported earlier today that some BitKeep wallet users had their funds drained from the platform. According to the current estimations, the to...
Snowfall Protocol (SNW) Shoots at the Moon; Dai (DAI) and ApeCoin (APE) Hitting New Usage Lows
Place/Date: – December 17th, 2022 at 7:34 am UTC · 3 min read Source: Snowfall Protocol The unpredictability of crypto markets continues to confound crypto investors. At a time when most of the ...
Dai (DAI) And Uniswap (UNI) Stay Level While Orbeon Protocol (ORBN) Rises Steadily
The global cryptocurrency bear market has remained prevalent, which is why it’s important for investors to look into projects with real-world use-cases or utilities. Three tokens that can fetch you a ...
MakerDAO increases its DAI Savings Rate, thanks to competitive DeFi landscape
An executive proposal has been implemented to increase DAI Savings Rate to 1%. MakerDAO was momentarily displaced as the DeFi protocol with the largest TVL. Following an executive proposal decided upo...
MakerDAO Relaunches DAI Savings Rate With Hiked Interest Rate
Defi News Decentralized and tied to the US dollar, DAI is MakerDAO’s stablecoin. To raise the interest rate by 100 basis points was approved by a majority of voters. MakerDAO is reintroducing the DAI ...
The latest proposal from MakerDAO could have this impact on DAI
MakerDAO voted to implement the DSR that would see DAI holders get 1% of their investments DAI, currently the fourth largest stablecoin, witnessed a decline in volume over the last 24 hours MakerDAO, ...
Increase the DSR of DAI on MakerDAO
A few hours ago, MakerDAO, the decentralized autonomous organization behind DAI, announced the verdict on the increase of the DAI Savings Rate (DSR) to be 1%. Voters were asked to choose from four inc...
MakerDAO Now Offering Savings Yields Higher Than Wall Street
Decentralized financial services giant MakerDAO is hiking the savings yield for its stablecoin DAI from 0.01% to 1% after the latest governance vote. All DAI holders are able to deposit their stableto...
MakerDAO votes to increase yield for its DAI stablecoin
MakerDAO — the decentralized autonomous organization managing the DAI stablecoin — is voting to decide whether to increase DAI’s interest rate. Preliminary results from MakerDAO’s voting platform show...
MakerDAO is voting on increasing yield for the dai stablecoin
MakerDAO’s governance forum is voting on increasing the dai (DAI) savings rate (DSR), which is the rate of interest the protocol pays to dai stakers. The DAO members are voting on whether ...
2022 Stats Are In: Here’s What Experts Are Saying About Snowfall Protocol (SNW), Litecoin (LTC), And Dai (DAI)
Place/Date: – November 27th, 2022 at 11:26 am UTC · 3 min read Source: Snowfall Protocol The cryptocurrency markets are dynamic, with new cryptocurrencies and tokens entering the fray regularly....
Dai Stablecoin issuer MarkDAO votes to remove Alameda’s renBTC from its reserve – crypto.news
MarkDAO, the DAI stablecoin issuer, passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what it described as a risky asset. The contagion effect of the F...
MakerDAO: What this “Optimistic” proposal may mean for MKR and DAI
MakerDAO has offered to integrate the Optimism chain on its network subject to community approval Its stablecoin, DAI, has remained top of supply on the protocol, and could also be impacted by the int...
MakerDAO votes 100% to remove Alameda’s renBTC from Dai reserve
MakerDAO governance community has agreed to remove renBTC, the Bitcoin token issued by Alameda Research’s Ren Protocol, as a collateral asset for the decentralized stablecoin, Dai. Maker to offload re...
MakerDAO delegates approve GnosisDAO token as DAI collateral
MakerDAO token holders and delegates have approved GnosisDAO (GNO) tokens as a new vault type for its multi-collateral DAI stablecoin system. Data from the voting page shows 91% approval for onb...
Maker: Governance team implements parameter changes to protect DAI holders
To protect DAI holders and to safeguard Maker Protocol, Maker Governance executed several parameter changes to a number of vault types. These changes were made to vault types that hold tokens from pro...
FTX Hacker Now Holds 235K ETH, 74K BNB And1.68M DAI
– Advertisement – Following multiple swaps and transfers amongst several accounts, the FTX hacker now holds 74K BNB and 235K ETH, making him the 34th largest Ethereum (ETH) holder. The h...
FTX Hacker Becomes One Of Biggest Ethereum Whales After Flurry of BNB and DAI Swaps: On-Chain Data
The entity that moved funds out of crypto exchange FTX’s wallets last week has been swapping its coins to accumulate ETH, making it one of the biggest Ethereum whales in existence. On Friday, FTX’s ge...
Stablecoins are … stable again
The stablecoin market has stabilized since the collapse of TerraUSD as confidence is returning to larger coins, Fitch Ratings said. Tether and Circle, the issuers of USDT and USDC stablecoins, ...
Uniswap token gains as trading volumes jump; bitcoin, ether slip
Mainstream cryptocurrencies traded marginally lower on Tuesday morning on the U.S. East Coast, while some altcoins bucked the trend. Bitcoin was down 1.7% at $16,883 over the past day, while et...
Wallet that drained FTX accounts starts swapping millions of dai for ether
A crypto address connected to the suspected drain of FTX accounts is swapping decentralized stablecoin dai for ether in a series of multimillion-dollar trades. The process began when one associa...
Tether’s USDT falls 1% below dollar peg amid market uncertainty
USDT, the stablecoin issued by Tether, has fallen 1% below its peg to the U.S. dollar today amid ongoing market turmoil. The largest stablecoin on the market fell to $0.9911 today, according to...
MakerDAO on course to custody 1.1 billion USDC with Coinbase for rewards
MakerDAO, the issuer of the stablecoin DAI, appears set to move forward with a proposal to onboard an account to Coinbase prime and transfer roughly 33% of its USDC ($1.1 billion) into custody. a16z d...