DAI | ForkLog

ForkLog 8 13.12.2024

Polygon Community to Consider $1.3 Billion Allocation on Ethereum Bridge

The Polygon community will evaluate a proposal to leverage over $1.3 billion in reserves held in DAI, USDC, and USDT for profit generation. These funds are currently locked on the PoS Chain and Ethereum bridge. The initiative has been put forward by Web3 risk providers Allez Labs and the teams from Morpho and Yearn. The […]

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ForkLog 13 04.09.2024

Hacker Compromises DAI Deployment Address Across Most L2 Networks

The wallet responsible for deploying the DAI smart contract has been compromised in all L2 networks except Arbitrum and Optimism. This was highlighted by cybersecurity researcher Christopher Mooney. ? DAI Security PSA for wallet providers, block explorers, and users. The L2 DAI deployer (0x075da589886BA445d7c7e81c472059dE7AE65250) for the DAI vanity address (0xDA10009cBd5D07dd0CeCc66161FC93D7c9000da1) has been compromised. (1/7) — […]

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ForkLog 17 23.08.2024

MakerDAO Unveils Updated Versions of DAI and MKR Tokens

The DeFi platform MakerDAO has introduced updated versions of its stablecoin DAI and governance token MKR as part of its Endgame roadmap transformation. Endgame introduces NewStable and NewGovToken, the upgraded versions of DAI and MKR. However, DAI and MKR will remain available. Both tokens are expected to stay unchanged for the foreseeable future, unless governance […]

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ForkLog 8 22.06.2023

MakerDAO increases holdings in US sovereign debt to $1.2 billion

The DeFi platform MakerDAO increased the amount of U.S. Treasury bonds in its reserves from $500 million to $1.2 billion.

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ForkLog 4 16.06.2023

DAI overtakes BUSD in the stablecoins ranking

Binance USD (BUSD) market capitalization fell to $4.35 billion. In the stablecoins ranking, the asset ceded third place to DAI ($4.39 billion).

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ForkLog 7 28.05.2023

Block Analitica proposes raising the DAI savings rate for MakerDAO

Block Analitica proposed to the MakerDAO community to raise the yield on DAI locked in the platform's smart contracts to 3.33% per year.

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ForkLog 20 18.05.2023

crvUSD, GHO and DAI: Is there a future for decentralized stablecoins?

Stablecoins account for a lion's share of exchange trading volumes; they play a key role in the rapidly developing decentralized finance.

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ForkLog 10 09.05.2023

MakerDAO launches rival to Aave’s lending DeFi project.

MakerDAO developers launched Spark Protocol—a liquidity market built on the DAI stablecoin and collateral assets backing the DeFi platform.

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ForkLog 11 12.03.2023

MakerDAO to adjust protocol parameters to limit USDC problems’ impact on DAI

In an 'emergency vote', the MakerDAO community approved a proposal to adjust protocol parameters. The changes are intended to limit the impact of USD Coin (USDC) problems on the decentralized stablecoin DAI.

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ForkLog 20 11.03.2023

Algorithmic DAI and FRAX Lose Peg to the US Dollar Following USDC

Algorithmic stablecoins DAI and FRAX have lost their peg to the US dollar amid similar troubles facing the stablecoin USDC after the collapse of Silicon Valley Bank (SVB).

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ForkLog 6 09.02.2023

MakerDAO Members Propose Launching a Competitor to Aave

In the MakerDAO community, a proposal to create a Spark Protocol liquidity market based on the DAI stablecoin and collateral assets for the DeFi platform was put to a vote. The functionality will be built on the third version of the Aave project's smart-contract system.

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ForkLog 8 13.01.2023

Société Générale borrows $7 million in DAI from MakerDAO

The financial group Société Générale borrowed $7 million in DAI through a loan from the DeFi platform MakerDAO.

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