Category: Dai

MakerDAO to dissolve Foundation and become truly decentralized again

July 21, 2021

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Pioneering decentralized finance protocol, MakerDAO, has announced its foundation will formally dissolve in the coming months, marking one of the final milestones in the protocol’s roadmap to decentralized governance. A July 20 blog post describes Maker’s decentralized autonomous organization, or DAO, as now being “fully self-sufficient” — with its globally distributed community “now responsible for […]

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MakerDAO slashes stability fees as stablecoin demand wanes

June 22, 2021

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Maker hopes to reignite demand for its DAI stablecoin through the fee reduction. 1811 Total views 6 Total shares Decentralized finance lending and stablecoin protocol MakerDAO has adjusted stability fees across a wide range of crypto assets used as collateral on the platform. The move comes as the demand for DAI and other stablecoins has […]

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Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio

June 4, 2021

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Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market. The concept of multi-sector investing has long been advocated in traditional finance as the conventional approach to building […]

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Analyst says DeFi and stablecoins held up well as crypto markets imploded

May 26, 2021

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The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices.  Despite rapidly declining token prices, the nascent DeFi sector held its own as decentralized exchanges […]

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Tron Is Out, Dai Is Back: CoinDesk 20 List Updates for 2021 Q1

January 12, 2021

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Jan 12, 2021 at 3:43 p.m. UTC Tron Is Out, Dai Is Back: CoinDesk 20 List Updates for 2021 Q1 The surge in cryptocurrency trading in the last three months of 2020 led to one change in the CoinDesk 20: tron (TRX) has been taken off of the list of the top crypto assets traded […]

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Terra Protocol (LUNA) rallies 66% after DeFi and stablecoin launch

December 19, 2020

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Throughout 2020 a handful of new stablecoins launched and many analysts have suggested that stablecoin growth is the backbone of the crypto sector and partially responsible for the current Bitcoin rally. For many traders, stablecoins provide a safe place to shelter during volatile periods in Bitcoin and altcoins but there are other ways to interact […]

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Compound refused to compensate victims of unfair liquidation — Here’s why

December 16, 2020

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Compound governance refused to compensate COMP farmers right now, but the proposal may come back. 2503 Total views 12 Total shares On Monday, the majority of the Compound Finance governance community voted against a proposed compensation plan for users affected by the Dai liquidations that occurred on Nov. 26. Figures from the Compound governance dashboard […]

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CoinShares and BNC support new high-performance DeFi derivatives exchange

December 15, 2020

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The exchange is hosted on a layer two platform and uses Dai for margin. 1726 Total views 16 Total shares Leverj, a non-custodial derivatives platform based on an Ethereum sidechain, announced on Tuesday their cooperation with leading industry participants to support the launch and marketing of its exchange. The exchange offers perpetual swaps for Bitcoin […]

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