MakerDAO joins Kakao’s Klaytn governance council
The DeFi project MakerDAO has joined the governance council of Kakao's Klaytn blockchain platform.
MakerDAO joins Kakao’s Klaytn governance council
The DeFi project MakerDAO has joined the governance council of Kakao's Klaytn blockchain platform.
Chainlink, Loopring and Compound added as collateral options in MakerDAO
The MakerDAO community voted to add LINK, LRC and COMP as new collateral options for the issuance of the DAI stablecoin.
Class action against Maker moved to arbitration
The United States District Court for the Northern District of California granted Maker Ecosystem Growth Foundation's motion to transfer the class action against the company to arbitration. This is stated in the docket.
Opinion: DAI at risk from centralised stablecoins as collateral
The stablecoin DAI is 40% collateralised by centralised assets — USDC, WBTC, TUSD and PAX, according to The Block's analysis.
MakerDAO will not compensate users’ losses after ‘Black Thursday’.
Maker token holders (MKR) refused to compensate the losses of collateral holders in the DeFi project MakerDAO, liquidated during the March market crash. The poll results were published in the voting system.
MakerDAO, Compound and dYdX join Huobi-backed DeFi consortium
Focused on developing projects in the field of decentralized finance (DeFi), Huobi's cryptocurrency exchange unit has formed the Global DeFi Alliance — “an international consortium of centralized and decentralized providers of financial services and platforms.”
Assets locked in the DeFi sector exceed $5 billion.
The decentralised finance sector has set another record: the value of assets locked in protocols for the first time exceeded $5 billion, according to DeFiPulse.
DAI market capitalization surpasses $400 million for the first time
The circulating supply of the DeFi-stablecoin DAI exceeded 400 million coins. In the last 24 hours, the issuer minted 17 million tokens.
Total assets in DeFi protocols exceed $4 billion
The total value locked in DeFi services has surpassed $4 billion. The most popular asset remains Maker, whose dominance index is over 30%.
Black Thursday for DeFi: Wounds to Lick and Lessons to Learn
The market crash of March 12th presented the DeFi sector with a real trial. Even the DeFi flagship MakerDAO couldn’t withstand the crisis losing $8 million to unscrupulous network participants during what is now known as Black Thursday. Yet, it’s not the only recent problem of the DeFi sector.
MakerDAO’s Recent Trouble May Highlight Flaws In the Ecosystem
The recent market crash caused a lot of trouble for MakerDAO, the platform behind the Dai stablecoin and the largest DeFi project by value locked. Being largely collateralized by Ether, the stablecoin was impacted heavily by the decline in ETH price and the resulting gap in collateralization.We use cookies to improve the quality of our service.
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