MakerDAO has a new proposal to implement some parameter changes. The protocol has displaced Lido to regain its position as the leading DeFi protocol. In a new proposal, the Open Market Committee of th...
Tag: MakerDAO
Assessing the current status of MakerDAO for long-term MKR holders
MakerDAO reported a profit of more than $2.8 million through its real-world assets. The revenue generated by the protocol grew, alongside an increasing interest in the MKR token. MakerDAO [MKR], the p...
Lido overtakes MakerDAO in the TVL race
Lido has benefited most from the Ethereum merge. Users at Lido do not have to commit to a 32 ETH minimum. Between October and November 2022, Lido collected $1 million in fees. Ethereum merge was on...
DeFi Protocol Lido Reaches $5.9B in TVL Dethroning MakerDAO
Leading decentralized lending protocol MakerDAO has lost its dominance in the DeFi market as liquid staking protocol Lido Finance claimed the top spot with the highest total value locked (TVL). Accord...
Lido Finance Now Has Highest TVL in DeFi Surpassing MakerDAO
Lido’s liquid staking protocol has a total market cap of $5.96 billion in TVL. Lido finance had the largest portion of staked ETH among DeFi, at 31%. Total value locked (TVL) for Lido Finance, one of ...
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 ...
MakerDAO consolidates governance tasks after vote
MakerDAO is reportedly planning to implement eight community-approved governance improvements in the “most significant deployments of 2022.” MakerDAO executes governance action On Dec 11, delegates t...
MakerDAO to execute bundled governance actions, including pay for delegates
MakerDAO, the decentralized autonomous organization behind the Maker DeFi project, is set to execute eight governance proposals that have been voted on by the community in what the protocol has called...
MakerDAO, Solana, Toon Finance Price Prediction December 2022
MakerDAO MakerDAO is a decentralized autonomous organization on the Ethereum blockchain that creates and backs the Dai stablecoin. The value of Dai is pegged to the US dollar, making it a stablecoin. ...
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 Community Seeking DSR Increase up to 1%
The MakerDAO community is voting whether to raise the DAI stablecoin’s annual reward by up to 1%. Through December 1st, community members can rank-choose vote on whether to increase the so-called DAI ...
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 [MKR]: All you need to know about protocol’s latest proposal
MakerDAO seeks votes from community members to hike its DAI Savings Rate. At press time, members voted overwhelmingly in support of a 1% increment. MKR’s price has been on a decline in the last month...
MakerDAO Community Rejects CoinShares Proposal
The anticipated proposal from CoinShares was recently reported to get rejected by the community in the voting on MakerDAO’s platform. The proposal intended to invest the community’s funds worth ...
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 ...
Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive
Crypto data firm Kaiko announced the launch of a product tracking market data for DeFi lending and borrowing protocols on Ethereum. The Paris-based firm’s new data product will track Aave,...
MakerDAO community votes against CoinShares’ $500M investment proposal
Decentralized lending protocol MakerDAO has voted against crypto investment firm CoinShares’ proposal to invest between $100 million and $500 million worth of the community’s funds into a portfolio of...
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 Removes Alameda-linked renBTC As Reserve Collateral
MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. The move comes after the team at Ren stated that th...
MakerDAO Disposes of renBTC as Stablecoin Collateral
MakerDAO – the issuer of the decentralized stablecoin DAI – unanimously passed a proposal this week to remove renBTC as a form of reserve collateral. The Bitcoin-pegged token was deemed too risky to ...
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 expects $1.5M bad debt after FTX’s liquidity crisis!
MakerDAO, the largest decentralized finance protocol, has announced plans to liquidate heavily leveraged vaults to prevent excessive bad debt. They tweeted: “Due to liquidations being previously dis...
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...
MakerDAO passes vote to close Alameda-linked renBTC as stablecoin collateral
Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what’s deemed a risky asset by the DAO. RenBTC is a wrapped bitcoin as...
MakerDAO launches LSD Token of Rocket Pool
MakerDAO, a DeFi protocol, has accepted the LSD token of Rocket Pool. This deal might elevate the competition for the giant Lido, MakerDAO. Users can use the token, rETH, to mint the stablecoin of Mak...
MakerDAO Risk Core Unit makes urgent parameter change request in light of recent market events
The MakerDAO Risk Core Unit, a key group within the MakerDAO governance system, submitted an urgent request on Nov. 11 to change collateral parameters for the decentralized autonomous organization’s s...
Puerto Rico Police Say No Evidence of Foul Play in MakerDao Co-Founder’s Death
Although investigations about Nikolai Mushegian’s death continue, police in Puerto Rico have found no evidence of foul play in the demise of the MakerDAO Co-Founder. Mushegian was an early developer o...