Users of MakerDAO, the organization behind DAI, will now be able to mint the stablecoin for free. This was made possible after an executive vote increased the debt ceiling for its stETH vault to 200 m...
Tag: MakerDAO
MakerDAO Gets 1.5% Interest on USDC from Coinbase
Join Our Telegram channel to stay up to date on breaking news coverage Major cryptocurrency trading platform Coinbase is interested in forming a partnership with MakerDAO, the most prominent decentral...
Coinbase’s Stablecoin Proposal Expected to Earn MakerDAO $24M Annually
Coinbase has a bold plan to help MakerDAO generate $24 million annually. The American crypto exchange recently proposed that the popular DeFi project deposit $1.6 billion in USDC on Coinbase instution...
Coinbase Proposes MakerDAO to Acquire $1.6 Billion USDC
Crypto Exchange Coinbase Looking to acquire 1.6 Billion USD of Maker DAO’s USDC The Proposal from Coinbase will enable Maker to Mint Free, Burn, Withdraw, and Settle Funds The crypto exchange Coinbase...
Coinbase Proposal Could See MakerDAO Earn $24M Annually
Coinbase has just submitted a proposal that could see MakerDAO earn $24 million annually if its community approves. The proposal comes just days after Rune Christensen’s big push to make the MakerDAO...
Coinbase wants to give MakerDAO $24M per year in yield; Ripple has ‘several pilots’ in works on CBDCs
The biggest news in the cryptoverse for Sept. 7 includes Signature Bank seeing outflows in the digital asset banking space totaling $4.27 billion, Ripple’s CBDC initiatives, and Coinbase’s proposal th...
Coinbase submits proposal that could earn MakerDAO $24M annually
Coinbase has submitted a proposal that could see MakerDAO (MKR) earn up to $24 million annually if passed. According to the proposal, MakerDAO will transfer 33% of its $1.6 billion Peg Stability Modul...
Big Eyes Coin, MakerDAO, and Tron
T he cryptocurrency community seeks innovation and creativity while still seeking profits and wealth. We’re all tired of boring finance and that’s where meme coins, community-oriented, and innovative ...
MakerDAO Co-founder Proposes “Endgame Plan” to Protect DAI From Attack – crypto.news
Rune Christensen, the co-founder of MakerDAO, has laid out his plan to convert the DAI stablecoin into a free-floating asset if the protocol fails to attain a 75% decentralized collateral level within...
MakerDAO Co-Founder Lays Timeline for Free Floating DAI
A free floating DAI would see MakerDAO’s stablecoin de-peg from the US dollar entirely The plan is part of the protocol’s ambitions to protect itself from regulatory threats Weeks after threatening to...
MakerDAO CEO Proposes “Endgame Plan,” Suggests Free-Floating DAI
MakerDAO co-founder Rune Christensen outlined his vision for the DAI stablecoin, outlining the importance of a free-floating DAI and limited RWA (Real World Asset) exposure. Christensen suggested tur...
MakerDAO Co-Founder Wants A Free-Floating Dai To Improve Security
The recent sanctioning of Tornado Cash has forced some platforms to take critical decisions to offer more security. Co-Founder of MakerDAO, Rune Christensen, explained to the community about the de-pe...
MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining...
MakerDAO: It’s a bumpy ride to recovery as MKR declines 37% and TVL drops 10%
The current Total Value Locked (TVL) across all DeFi platforms stood at $59.18 billion at the time of writing. DeFi platforms have been severely affected by general downturn that has plagued the crypt...
MakerDAO: $ 100 million loan with HVB
MakerDAO has officially connected its native stablecoin, DAI, to mainstream finance through a partnership with Huntingdon Valley Bank (HVB), a community bank in Philadelphia. The partnership between M...
MakerDAO Opens $100M DAI Loan to Huntingdon Valley Bank
MakerDAO formally approved Huntingdon Valley Bank’s facility in July The move is seen as an effort to diversify MakerDAO’s counterparty risks away from centralized crypto entities MakerDAO has officia...
MakerDAO Collaborates With U.S.-Based Bank, Lends Out 100M DAI
MakerDAO, a smart contract protocol built on the Ethereum network, announced on Tuesday that it is lending out 100 million DAI to the United States-based commercial bank, Huntingdon Valley Bank. The ...
This Week on Crypto Twitter: Tornado Cash Sanctions Slammed, Vitalik Criticizes MakerDAO Proposal
Illustration by Mitchell Preffer for Decrypt While many leading coins have blown up by double-digit percentages over the last seven days, there was relatively little celebration on Crypto Twitter. Muc...
US Treasury Pressure Ideologically Separates MakerDAO Community
USDC is currently the largest source of collateral backing DAI at 33.9% Moving 3.5 billion USDC to ether is likely an open invitation to hackers After MakerDAO’s co-founder Rune Christensen floated co...
MakerDAO Set To Convert USDC Funds To ETH, Is This A Good Idea?
The crypto community has been on alert since the crash of LUNA, ETH, and USDT. Investors depend on stablecoins to hedge against price volatility in the crypto market. These stablecoins are pegged to U...
MakerDAO Founder Calls on DAI to Drop Dollar Peg Amid Tornado Cash Fallout
In the aftermath of the Treasury Department’s stunning decision Monday to ban Ethereum coin mixing tool Tornado Cash, many crypto industry leadwalletsers are reconsidering their exposure to centralize...
MakerDAO founder says it’s ‘almost inevitable’ DAI will abandon USD peg
Rune Christensen, co-founder of MakerDAO, has stated that the DAI stablecoin could exit its USD peg by eliminating all of its USD Coin (USDC) exposure. The DAI stablecoin is currently backed 32% by US...
MakerDAO should ‘seriously consider’ depegging DAI from USD — Founder
MakerDAO founder Rune Christensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its Dai (DAI) stablecoin from the United State...
MakerDAO Founder Proposes USDC Fund Transfer to ETH
2 hours ago | 2 mins read Altcoin News Circle’s USDC stablecoin is used to collateralize the vast majority of MakerDAO’s DAI. The DeFi protocol has a total locked value of approximately $11 billion. M...
MakerDAO To Convert USDC Into ETH Ahead Of Ethereum Merge
Recently, Circle suspended USDC tokens belonging to 38 wallet addresses which were blacklisted by the US Treasury Department. These wallets were of Tornado Cash addresses. Following this, MakerDAO has...
MakerDAO Intends to Depeg DAI from USDC
Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider depegging its native token DAI from stablecoin USD Coin (USDC). Christensen pointed out: ...
MakerDAO Founder Plans to Sell $3.5Bn USDC Backing For Ethereum, Risks DAI Depeg
MakerDAO co-founder Rune Christensen plans to sell up to $3.5 billion in USDC for Ethereum — a move that could result in its DAI stablecoin losing its dollar peg. DAI is 32% backed by Circle’s USDC st...
MakerDAO Co-Founder Rune Christensen To Sell $3.5bn Usdc Backed For Ethereum Increasing Depegging Risk On Dai
Ethereum co-founder Vatalik Buterin criticized Rune Christensen’s plan of converting MakerDAO’s $3.5 billion into ETH. Rune Christensen, the co-founder of MakerDAO, is planning to sell $3....
MakerDAO Founder Considers Risky Move Of Sell…
The co-founder of Maker has expressed that he plans to sell $3.5 billion worth of USDC for ETH. DAI Could Depeg MakerDAO co-founder Rune Christensen’s decision to sell such a vast amount of USDC for ...
MakerDAO founder proposes converting $3.5B USDC reserve to Ethereum
MakerDAO (MKR) founder Rune Christensen has asked DAO members to consider converting its $3.5 billion USDC reserves to Ethereum (ETH) because of the extent of the Tornado Cash sanctions. MakerDAO is c...
Is MakerDAO Moving All Its USDC Funds to ETH? Vitalik Buterin Calls It Terrible Idea
In a big development, Rune Chirstensen, founder of MakerDAO has urged all the members to “seriously consider” preparing the depeg of the DAI stablecoin from the U.S. Dollar. The comments came on the M...
Ethereum Founder Kicks MakerDAO Proposal to Use Ethereum As Major DAI Collateral
– Advertisement – Ethereum founder Vitalik Buterin says using ETH as the main collateral for DAI is a terrible idea. With MakerDAO’s founder, Rune Christensen proposing that its stableco...