Spark Protocol will be launched in April 2023. Stablecoin DAI would be at the core. The DeFi protocol MakerDAO is also working on its ‘Endgame’ plan, slowly dissolving MakerDAO and creating subDAOs....
Tag: MakerDAO
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 community proposes Spark Protocol, details inside
Spark lend to enable the lending and borrowing of DAI. DAI has seen an increased active address in recent weeks. Dai [DAI] is among the front-runners in the stable cryptocurrency market. By market cap...
MakerDAO Presents Crypto Endgame, This Is What We Know
MakerDAO, one of the first decentralized finance (DeFi) Protocols built and established in the Ethereum blockchain, plans to launch Spark Lend (SL), a lending market focused on “liquid, decentralized,...
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...
MakerDAO manages to increase profit to $19 million
The year 2022 turned out to be not at all in favor of MakerDAO. It painted quite a solemn picture for the second-in-line DeFi protocol. It happened to have witnessed a full 79% downfall in terms of op...
Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea – Bitcoin News
Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinfor...
MakerDAO is set to temporarily shut down its Teleport L2 Gateways
Through a new proposal, MakerDAO wants to temporarily shut down its Teleport L2 Gateways to fix the identified issue. MKR has seen a dearth of demand in the last 24 hours. MakerDAO, through its Govern...
MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions
On Twitter, in response to the 20,000 MKR being allocated to fight climate change, Moneysupply.eth, a risk analyst and governance contributor for several decentralized protocols, including MakerDAO, w...
MakerDAO Founder Seeks $14 Million in MKR to Fight Climate Change
In the latest draft of the Pregame Maker Constitution — Rune Christensen, the founder of MakerDAO — requests 20,000 MKR tokens ($14 million) to be dedicated to a Scientific Sustainability Fund. The Pr...
MakerDAO Earmarks $5M For Legal Defense
MakerDAO governance has approved a new multi-million fund aimed at reimbursing certain individuals’ legal expenses. The Defense Fund, consisting of 5 million dai (DAI) — Maker’s US dollar-pegged stabl...
MakerDAO revenue fell 42% in 2022 amid shrinking crypto lending market
MakerDAO, which builds the platform that issues the DAI stablecoin, saw a marked decline in 2022 revenue, as the DeFi protocol launched a significant pivot from crypto-native lending to the real-world...
How Aave’s treasury will help it rise above MakerDAO and Uniswap
Aave’s treasury funds saw significant growth. Other competitors also witnessed a surge in their treasury funds. Decentralized lending protocol Aave [AAVE] has seen a growth in its treasury funds, acco...
MakerDAO has a new proposal to increase Compound D3M Debt Ceiling
MakerDAO is set to introduce some changes to its Compound V2 D3M. MKR has seen a decline in buying pressure in the last week. In a new proposal, the Open Market Committee of leading decentralized fin...
MakerDAO Community Plans To Deposit $100 Million In Yearn Finance
The MakerDAO community has approved a proposal to deploy around $100 million worth of USDC into Yearn Finance. The decision to deposit the funds on Yearn Finance will allow MakerDAO to earn an annual...
MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault
In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s US...
MakerDAO community backs plan to deposit $100 million into Yearn Finance
Governance members of Dai stablecoin issuer MakerDAO have approved a preliminary proposal to deposit $100 million worth of the USDC stablecoin from its reserves into a special investment account known...
Will MakerDAO find savior in YFI as MKR declines
MakerDAO voted in favor of a 2% extra yield income from Yearn Finance. While its development activity surges, MKR’s network growth fell. After its proposal in November to deploy $100 USD Coin [USDC] i...
Paxos Collaborates With MakerDao – The Coin Republic
Paxos recently collaborated with MakerDao to mutually benefit from increased Pax Dollar(USDP) in the Peg Stability Module(PSM). Paxos will pay MakerDao a monthly marketing fee. Per the proposal, Paxo...
MakerDAO: New proposal seeks the promotion of USDP and the increment of…
Paxos, in a new proposal, is asking MakerDAO to promote the use of its USDP stablecoin and increase the USDP Debt Ceiling. MKR has seen increased accumulation in the past few weeks. In a new proposal,...
MakerDAO supports holding GUSD Stablecoin as a part of reserve in early voting
77.72% of the votes are in favor to keep the GUSD ceiling stuck at $500 million. 22.28% of votes are for decreasing it to zero The fluctuating votes The community of MakerDAO, a decentrali...
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...
Will MakerDAO hold Gemini’s GUSD in its reserve? Early voting numbers suggest…
MakerDAO’s community is voting to decide if Gemini’s GUSD should be maintained in its reserves. Early poll stats suggest that the stablecoin will be retained by the DeFi lender. Leading DeFi platform ...
MakerDAO Community Debates Holding GUSD As Part Of Reserve
The MakerDAO community is voting on keeping Gemini’s GUSD stablecoin as part of the protocol’s reserves amidst insolvency concerns. MakerDAO and its community are concerned about DAI’s exposure to Ge...
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...
MakerDAO plans to make a $100M move according to this new proposal
MakerDAO proposes a $100M USDC move, with a yield of 2% annually. Unique users on MakerDAO decline and whales start to lose interest in the token. MakerDAO, recently proposed to onboard $100 million w...
French Investment Bank Société Générale Withdraws $7 Million From MakerDAO
– Advertisement – Société Générale has minted a loan of $7 million worth of DAI from MakerDAO. The investment firm used home loan bonds as collateral to withdraw the stablecoins. Société...
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 ...
Investment firm Société Générale mints $7 million in stablecoin loan from MakerDAO
Société Générale, a French multinational investment bank and financial services company, minted $7 million as a loan of dai stablecoin from its issuer MakerDAO. Société Générale was approved to ...
MakerDAO enters this new partnership: How will MKR react to it?
BlockTower and MakerDAO partnership brought $220M of RWA to DeFi. Interest in MKR tokens declined as selling pressure increased. In a recent turn of events, BlockTower Credit, an asset management firm...