MakerDAO unveils two new tokens in a major overhaul
The two new tokens teased by MakerDAO are NewStable (NST) and NewGovToken (NGT). NST replaces Dai and offers upgraded features while NGT replaced MKR and empowers broader governance participation. Existing…
MakerDAO votes to decrease GUSD held in DAI stablecoin reserve
MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves. The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve…
MakerDAO proposal eyes new DAI savings rate of 3.33%
MakerDAO is considering a proposal to raise the Dai savings rate (DSR). This follows the last change that saw DSR increase to 1%, attracting over 35 million DAI deposits in…
PODCAST: What does DAI’s future hold post-BUSD? MakerDAO joins the CoinJournal podcast
Key Takeaways Sam MacPherson of MakerDAO, the creators of the decentralised stablecoin DAI, joins the podcast Sam and host Dan Ashmore discuss the future of the DAI stablecoin following the…
MakerDAO integrates Chainlink automation to enhance DAI stability
MakerDAO’s integration of Chainlink extends on the Maker’s automated system Keeper Network. The automation will help stabilise the DAI infrastructure, including via updates on price and the debt ceiling. An…
MakerDAO to launch Spark lending platform to rival Aave
Aave, a crypto lending platform, is currently one of Ethereum’s largest DeFi products. MakerDAO, on the other hand, facilitates the generation of DAI stablecoin. MakerDAO is planning to launch a…
MakerDAO launches $5 million legal defense fund
MakerDAO will set up the Defense Fund with an initial 5 million DAI. The fund acts as a self-insurance tool and will only cover legal defense expenses of specific MakerDAO…
Lido now has the highest TVL in DeFi after overtaking MakerDAO
Lido has overtaken MakerDAO in TVL in DeFi by $0.05 billion. At press time, Lido had $5.96b DeFi TVL. Lido seems to be benefitting from Ethereum’s merge upgrade. At press…
Is Nexo safe? Crypto lender withdraws $150 million from MakerDAO
It’s the unfortunate reality that any crypto lender these days will be met with… The post Is Nexo safe? Crypto lender withdraws $150 million from MakerDAO appeared first on CoinJournal.
MakerDAO continues its upward surge after the total delegated MKR reaches an all-time high
MKR, the native token of the MakerDAO ecosystem, is one of the best performers… The post MakerDAO continues its upward surge after the total delegated MKR reaches an all-time high…