MakerDAO | ForkLog

ForkLog 21 07.04.2025

Market Correction Triggers $106 Million Ethereum Whale Liquidation

A major Ethereum holder faced a forced position closure of 67,570 ETH ($106 million) on the DeFi platform Sky after the collateral ratio fell below the liquidation threshold. As $ETH plummeted, the 67,570 $ETH($106M) held by this whale on #Maker was liquidated!https://t.co/kXSkKh1H0P pic.twitter.com/IDjzbQ8P3z — Lookonchain (@lookonchain) April 7, 2025 The catalyst was a 12.5% drop […]

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ForkLog 26 13.02.2025

Ethereum Foundation Allocates $120 Million to DeFi Protocols

The non-profit Ethereum Foundation (EF) has allocated $120 million worth of ETH to several lending protocols to enhance reserve yields. EF Treasury has deployed: — 10,000 ETH into Spark— 10,000 ETH into Aave Prime— 20,800 ETH into Aave Core— 4,200 ETH into Compound We’re grateful for the entire Ethereum security community that has worked diligently […]

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ForkLog 18 06.12.2024

Expert Highlights Potential $756 Million Vulnerability in Sky

William Morriss, founder of VM Capital, criticized Sky (formerly MakerDAO) for utilizing an EOA to store $756 million in USDC reserves within the LitePSM mechanism. @SkyEcosystem (formerly MakerDAO) is letting an EOA custody 756M USDC for their “Lite PSM”. As far as I can tell, that account can rug the full balance any time. — […]

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ForkLog 63 13.09.2024

Sky Proposes Removal of WBTC from Ecosystem

The Sky team (formerly MakerDAO) has proposed excluding BitGo’s “wrapped” bitcoin, WBTC, from the list of assets available for collateral in the ecosystem, due to concerns about the token’s close ties with Justin Sun. The removal of the tokenized version of bitcoin from the decentralized liquidity protocol SparkLend and Legacy Vault Types will occur in […]

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ForkLog 60 27.08.2024

MakerDAO Rebrands as Sky, Introduces New Tokens

The DeFi platform MakerDAO has rebranded to Sky and introduced new names for the updated versions of its stablecoin DAI and governance token MKR. Sky is here. The best and easiest place to get rewarded for saving without giving up control. Discover the upgraded tokens, new features, and boosted Sky Token Rewards for early sign-ups. […]

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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 26 21.08.2024

MakerDAO User Loses $55 Million in Phishing Attack

An unidentified user lost $55.47 million in DAI stablecoin on the DeFi platform MakerDAO due to a phishing attack, as noted by Lookonchain. A whale lost 55.47M $DAI in a phishing attack! How did it happen?? The whale carelessly signed an unknown transaction 13 hours ago, setting the owner of his 55.47M $DAI in Maker […]

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ForkLog 9 16.08.2024

MakerDAO Halts New Loans Backed by Wrapped Bitcoin

The MakerDAO community has approved a proposal to cease issuing new loans backed by BitGo’s Wrapped Bitcoin (WBTC). This was reported by The Block. The decision involves reducing the debt ceiling of the token to zero, effectively blocking any new borrowings using the asset as collateral. The changes will not affect existing loans backed by […]

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ForkLog 11 13.08.2024

Grayscale to Launch MKR-Based Trust

Digital asset manager Grayscale Investments has announced the launch of a closed-end fund for MakerDAO (MKR). We are proud to announce the creation of a new single-asset crypto investment fund, available through private placement: Grayscale MakerDAO Trust $MKR. Available to eligible accredited investors. Read the press release: https://t.co/hOOWHk3bqO pic.twitter.com/5pIMaLUHwI — Grayscale (@Grayscale) August 13, 2024 […]

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ForkLog 11 24.06.2024

Phishing Attack Costs MakerDAO Delegate $11.1 Million in Crypto

On June 23, an unknown perpetrator conducted a phishing attack, resulting in a user losing $11.1 million in various cryptocurrencies. Analysts at Lookonchain highlighted the incident. Someone lost $11.1M in a phishing attack 5 hrs ago! He was exploited for 3,657 $MKR($8.7M) and 2.56M PT Ethena tokens($2.4M). The exploiter sold 3,657 $MKR for 2,502 $ETH($8.7M), […]

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ForkLog 12 16.05.2024

MakerDAO Unveils Plans for a Fully Decentralised Stablecoin

Rune Christensen, the founder of MakerDAO, announced that in a few years, the project will launch a fully decentralised alternative to the DAI stablecoin, tentatively named PureDai. Reconciling the two opposing paths for Decentralized Stablecoins From the moment Dai started scaling, it has been straddling two worlds. One world is the culture of pure decentralization […]

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ForkLog 8 02.04.2024

MakerDAO Considers Increasing Investment in Ethena’s USDe to $600 Million

DeFi project MakerDAO is considering setting a limit of 600 million DAI for investments in USDe through the Morpho Labs protocol. The “synthetic stablecoin” based on Ethereum is issued and supported by Ethena Labs. The governance proposal from MakerDAO states that USDe provides a reward score of seven, while the “wrapped” version sUSDe from Morpho […]

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