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Tag: DAI
Lido Finance Proposes Selling 20M LDO Tokens for DAI – crypto.news
Crypto Staking Service Provider Lido Finance has begun discussions on a governance proposal to sell 20 million Lido DAO (LDO) tokens and diversify its treasury into stablecoins to fund its operating n...
Dogecoin’s Market Ranking Now Being Challenged by Stablecoin DAI
Dogecoin and stablecoin DAI are gradually catching up in the market capitalization rankings for cryptocurrencies. Dogecoin maintains its position as the 10th-largest cryptocurrency with a market worth...
U.S Bank to Receive $100 Million Loan in DAI From MakerDAO
12 hours ago | 2 mins read Altcoin News 117,000 MKR tokens were used to support the plan, while just 4,200 were used to reject it. The U.S. bank will be able to get liquidity in the form of DAI, a sta...
Aave proposes stablecoin to rival MakerDAO’s DAI
Aave Companies, the firm behind decentralized finance (DeFi) protocol Aave, introduced a proposal to create a native decentralized USD-pegged stablecoin GHO on July 7. The proposal is up for discussio...
MakerDAO Votes to Allow $100M DAI Loans to U.S. Bank
Key Takeaways The MakerDAO community has passed a proposal to integrate a U.S. bank into its collateral system. The Huntingdon Valley Bank has a debt ceiling of $100 million. It will be able to borrow...
Aave Wants to Launch a Rival to MakerDAO’s DAI Stablecoin
Key Takeaways Aave has put forward a governance proposal to launch a decentralized dollar-pegged stablecoin on the Aave Protocol. If accepted by the community, GHO would be available to borrowers who ...
What B-Money Creator, Wei Dai, Has Offered to Cryptography
Reading the previous couple of articles in this series have hopefully helped you to know about Wei Dai, and B-Money, a protocol proposed by him and one of the predecessors of the crowned crypto asset ...
MakerDAO Voting on $100M DAI Vault for a Traditional Bank – crypto.news
The MakerDAO community is currently voting on its first proposal, which would integrate a traditional bank into its ecosystem. The Protocol will form a DAI debt ceiling trust with 100 million DAI in D...
A Closer Look At Wei Dai Proposed B-Money, The Vital Bitcoin Predecessor
In the previous article of this series, we discussed in brief about Wei Dai and some of the areas he got involved in, such as B-money, Crypto++ library, VMAC Internet Draft and many more. We are going...
Celsius Pays Back Maker’s Debt Via DAI Stablecoin
2 hours ago | 2 mins read Exchange News Celsius network has repaid almost $143 M debt through the Maker wallet. The liquidation price is reduced to $4,966.86 post the last transaction. The so-called C...
Celsius pays down 143M in DAI loans since July 1
Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave ...
MoonXBT adds USDT spot trade in DAI, ADA, AVAX, LTC, FTT, LINK, FTM
MoonXBT, a crypto derivatives & social trading platform, has now announced it has successfully launched new USDT spot trading pairs in the following markets: DAI/USDT, ADA/USDT, AVAX/USDT, LTC/USD...
Celsius Transferred $10 Million DAI To Compound
The instance of Celsius was in the limelight in the past week. And now recently the crypto lender has carried out a considerable transaction as it transferred $10 Million of DAI to Compound which is a...
Celsius Repays Compound Finance $10m Worth of DAI
Crypto lender Celsius Network has repaid interest-yielding DeFi service Compound Finance with $10 million worth of the DAI stablecoin, according to a report from Crypto Briefing. The payment is likely...
Celsius Repays $10M DAI to Compound
Key Takeaways Celsius made a $10 million repayment to Compound Finance today, likely attempting a step toward solvency. Celsius disabled withdrawals, transactions, and swaps one week ago. It still has...
MakerDAO Halts DAI Deposits Amidst Unfavourable Market Conditions
MakerDAO has paused DAI deposits into Aave, following the crypto lender Celsius’s recent instance. After the wobbling ship of crypto in the waters of volatility, several holders have sold their ...
MakerDAO Pauses DAI Deposits, Cites Adverse Market Conditions
MakerDAO, one of the oldest DAOs, has suspended its DAI stablecoin from being minted and deposited into Aave’s lending platform. MakerDAO’s suspension came as crypto lender Celsius borrowed 100 millio...
MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure
MakerDAO, the organization behind the DAI stablecoin, is set to disable the Direct Deposit Module (D3M) for DeFi lending platform Aave later today. “The Maker Governance has voted to temporarily disab...
Maker cuts off Aave’s Dai supply as fallout from Celsius continues
MakerDAO has voted to cut off lending platform Aave’s ability to generate Dai for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosy...
MakerDAO votes to disable Aave DAI deposit to stave off Celsius risks
? Want to work with us? CryptoSlate is hiring for a handful of positions! MakerDAO has announced the removal of the leading lending platform, Aave, as one of those with direct deposit module (D3M) acc...
Celsius Network Struggles To Stay Afloat With Mounting DAI Debt As Bitcoin Price Drop Threatens Heavy Liquidation
– Advertisement – Bitcoin’s price decrease is pressuring the Celsius Network into taking on more DAI debt as it battles to tablelike its ecosystem. Bitcoin’s downward price action is thr...
Was B-Money Proposed By Wei Dai Really Influenced Bitcoin Or Was It A Deception?
Who is Wei Dai? Wei Dai is a computer engineer who has offered his hands to cryptocurrencies and cryptography. He has developed a free Crypto++ library consisting of a variety of cryptographic schemes...
What is DAI? Here’s an alternative Stablecoin to USDT and USDC!
While Bitcoin, Ethereum, and many other altcoins take the spotlight of cryptocurrencies, Stablecoins are also worthy assets. Stablecoins are assets whose value pegs to another entity devoid of volatil...
DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization – Altcoins Bitcoin News
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized ...
Here Are The Reason Why Mehracki (MKI) Is Better Than Crypto Giants Like (DAI) Or Uniswap (UNI)
– Advertisement – Cryptocurrency is a new decentralized digital mode of payment that doesn’t depend on banks to verify transactions. It’s an end-to-end encrypted system that allows users t...
DAI Emerges Strong Despite Terra’s Downfall
DAI tops it off as the strongest stablecoin to date despite Terra’s plunge. USDT and UST may have plummeted – but not DAI. It’s been a brutal two weeks in the crypto space especially with the devastat...
CAN MOUNTANAZ (MNAZ) BECOME THE NEXT BIG THING IN THE CRYPTO WORLD JUST LIKE AVALANCHE (AVAX) AND DAI (DAI)
Ever since an individual under the identity of Satoshi Nakamoto created Bitcoin in 2009, the growth of cryptocurrency has been amazing. As it stands, there are nearly 18,000 cryptocurrencies on the ma...
Shiba Inu (SHIB) Drops Below Dai Stablecoin
Alex Dovbnya Dai has thrived off of the Terra collapse, surpassing Shiba Inu Meme coin Shiba Inu (SHIB) has slipped below the Dai (DAI) stablecoin, according to data provided by CoinMarketCap. Image b...
Logarithm Finance (LOG) Is The Defi Platform To Invest Now For Profits Like On DAI (DAI) and Tezos (XTZ)
Defi Tokens have come to stay in the cryptocurrency market with over a $114 billion market cap. Defi platforms and tokens are one of the fastest-growing sectors with their ability to work automaticall...
Maker (MKR) Surges Following TerraUSD (UST) Collapse, Boon for DAI
Maker (MKR) has surged nearly 50% in value over the past week, following the collapse of algorithmic stablecoin TerraUSD (UST). As the governance token on the MakerDAO ecosystem, MKR’s resurgence repr...