MakerDAO DAI supply gains $200M as interest rate surges to 8%
MakerDAO DAI‘s stablecoin supply increased by $200 million after its interest rate increased by 8% for holders depositing into ...
Tag: MakerDAO
MakerDAO buys $700M in US Treasury bonds
MakerDAO, the organization behind the DAI stablecoin, has purchased $700 million worth of U.S. Treasury bonds, bringing the DAO’s ...
MakerDAO looks to increase DAI savings rate by 233% to 3.3%
Decentralized finance (DeFi) protocol MakerDAO increased its DAI savings rate (DSR) to 1% in December 2022. The move led ...
MakerDAO proposal seeks to hike DAI savings rate to 3.33%
Summary The MakerDAO community is set to vote on a proposal that seeks to increase the Dai stablecoin (DAI) savings ...
MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects
MakerDAO, the organization behind the DAI stablecoin and its related MKR governance token, recently announced a slew of planned ...
MakerDAO plots AI governance “endgame”
MakerDAO announced on May 11 a governance model that will make use of artificial intelligence (AI) and feature crypto ...
MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain and issues stablecoin DAI, has announced that it has ...
MakerDAO passes new ‘constitution’ to formalize governance process
MakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has passed a new proposed “constitution” intended to ...
MakerDAO Keeps USDC as Primary Collateral for Dai
Since there is a possibility of hazards being linked with USDC, the MakerDAO Risk Core Unit recently proposed the ...
MakerDAO has opted to maintain USDC as its main collateral, dismissing suggestions for “diversification” of the same. At a governance call, voters decided against incorporating additional assets, citing concerns around the token’s viability under extreme market conditions. However, the community did add interest on MakerDAO’s savings protocol, a move expected to encourage greater usage of the DeFi platform.
Summary MakerDAO, the decentralized autonomous organization that oversee the Dai stablecoin, has voted in favor of using USD Coin (USDC) ...
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