Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Tag: MakerDAO
MakerDAO Co-Founder Proposes Dumping $3.5 Billion USDC Reserves for ETH
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH...
MakerDAO Should “Seriously Consider Preparing” for DAI Depeg: Founder
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the...
MakerDAO Co-founder Plans To ‘Yolo USDC Into ETH’
The sanctions are “a lot more serious than I first thought,” MakerDAO co-founder Rune Christensen said The risk of uprooting and moving collateral from USD to ETH may overweigh the consequences of DAI...
MakerDAO plans against sanctions from USDC exposure
Following Circle’s freeze of blacklisted Tornado Cash addresses, MakerDAO is re-assessing the risks associated with its USDC collateral. On August 8, issuers of USDC stablecoin Circle froze USDC token...
MakerDAO Discovers Major Risks of an ETH Hard Fork
MakerDAO discovers major risks if the Ethereum (ETH) protocol is forked. Seven major risks discovered on ETH protocol by MakerDAO. The unbiased global financial system, MakerDAO, clears about the risk...
MakerDAO identifies risks of an Ethereum hard fork
DeFi protocol MakerDAO (MKR) has identified seven risks its protocol faces if Ethereum (ETH) is forked. Futures backwardation and negative funding According to the protocol, the first risk it faces is...
Erik Voorhees urges MakerDAO community to exit USDC positions after Tornado Cash sanctions
Shapeshift CEO and founder Erik Voorhees recommended the MakerDAO community take precautionary measures after the U.S. Treasury sanctioned Tornado Cash. Specifically, Voorhees advised MakerDAO users t...
MakerDAO Risk Market Decline Due To Ethereum’s Merge
StarkNet is a permission-less decentralized ZK network E1P-155 is not sufficient protection for it since it only functions on the PoW chain The maker stated it was deploying the chain to both the L1 a...
Might MakerDAO risk market decline due to Ethereum’s Merge
MakerDAO [MKR] has claimed that the much-anticipated Ethereum [ETH] Merge could do more harm than good to its network. Maker, the builder of the stablecoin – DAI – explained the implications of the M...
MakerDAO stands at the mercy of bears as MKR slips below $1,000 in the last five days
On 18 July, MakerDAO’s native token, MKR, rode the ongoing bull wave to mark its spot at a high of $1,043. However, this was followed by a retracement that sent the price of the token chasing new lows...
MakerDAO Adds Société Générale to Its Vaults
Key Takeaways MakerDAO just voted to approve the creation of a real-world asset vault dedicated to Société Générale’s digital asset subsidiary. By depositing OFH tokens as collateral, Société Générale...
Crypto Weekly Roundup: Ethereum Merge Inches Closer, Celsius Repays MakerDAO, Alameda’s Voyager Debt, Musk’s Company Accepts DOGE Payment, And More.
As The Merge inches closer, many discussions have emerged against the Proof-of-Stake mechanism. Let’s look into the conversations around this topic and other noteworthy events that took place in crypt...
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...
Fundraising Rounds with Tenderize and Planetarium Labs, Celsius Settles MakerDAO Debt, Aave Launching Stablecoin – crypto.news
Project funding continues with Tenderize and Planetarium Labs completing successful rounds. Celsius, the recently troubled lending platform, pays MakerDAO’s loan releasing all WBTC collateral. Aave is...
MakerDAO approves $100 million stablecoin loan vault for 151-year-old US bank
MakerDAO has approved Huntingdon Valley Bank, a US-based regulated bank founded in 1871, to open a stablecoin vault. This vault will work as a system allowing the bank to borrow DAI tokens after depos...
MakerDAO Voting to Collaborate with Traditional Bank
Maker Protocol is not currently allowed to provide direct loans in US dollars to borrowers, hence, this collaboration with HVB is a huge milestone. MakerDAO has reportedly decided to integrate a tradi...
Bank To Connect With Ethereum’s MakerDAO To Borrow $100M
Ethereum’s decentralized finance protocol MakerDAO proposed a historic vote to connect a U.S. bank to its platform, the Huntingdon Valley Bank (HVB). The community has approved the proposal and the fi...
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...
Celsius Fully Repays MakerDAO Debt
Key Takeaways Celsius has repaid its $41.2 million debt to MakerDAO, which enabled it to unlock the 21,962 wBTC it had been using as collateral. If Celsius sold its wBTC today, it would suffer a $1 bi...
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...
MakerDAO votes on partnering with a traditional bank
MakerDAO, one of the largest platforms in decentralized finance, has announced a possible partnership with a traditional bank. This will be the first time the DeFi platform will work with the traditio...
Is MakerDAO Becoming ‘a Company Run by Politics’?
Nearly one-third of all MKR in circulation (around 294,000, or approximately $300 million) participated in the ratification of LOVE. The top three “yes” votes were said to be VC whales, or...
MakerDAO community turns down proposals to have a centralized body
The MakerDAO community does not want more centralization on the platform. The protocol members have rejected several proposals that could bring more centralization to the protocol’s governance structu...
MakerDAO members shoot down proposal for more centralization
In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance struc...
MakerDAO Seeks To Invest $500 Million In Untapped Territories OF Bonds And Treasuries
As the bear market trend is getting more intense, many protocols and other crypto-related firms are making moves for survival. On its part, MakerDAO plans on a minimal risk investment strategy to rais...
MakerDAO May Invest $500M in US Treasury Bills – crypto.news
The MakerDAO community is considering investing 500 million DAI in bonds in order to produce low-risk returns from some of its holdings. The proposal, which has been debated for months inside the gove...
MakerDAO Votes To Allocate $500M Into Minimal Risk Bonds And Treasuries
MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, is voting on how to allocate $500 million in treasury funds. The proposal is aimed at helping the organization navi...
MakerDAO Voting to Allocate $500 Million Treasury Funds
The decentralized autonomous organization behind the Dai stablecoin, MakerDAO, is currently voting on how to allocate $500 million in treasury funds. The Maker community had chosen the option for a li...
MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds
MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai (DAI) stablecoins into a combination of United States ...