Category: Dai

Magic Internet Money races past $1B, sets sights on MakerDao

October 8, 2021

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Abracadabra Money enables users to provide collateral via interest-bearing bearing tokens and borrow the Magic Internet Money stablecoin against their holdings. 2944 Total views 24 Total shares Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition to MakerDAO. Abracadabra is […]

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MakerDAO founder’s plans to address climate change and pivot back to ETH

October 7, 2021

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Rune Christensen believes MakerDAO’s collateral should be mobilized to capital into sustainable investments. 3482 Total views 48 Total shares MakerDAO founder Rune Christensen has published an essay outlining measures that could be taken to make the protocol a vehicle for addressing climate change. In a lengthy Oct. 5 post published to the MakerDAO governance forum, Christensen […]

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Societe Generale proposes historic $20M DAI loan in exchange for bond tokens

October 1, 2021

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The digital assets division of the international bank wants to provide home loan-backed security tokens as collateral for the loan. 1794 Total views 22 Total shares One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin. The […]

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Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

September 9, 2021

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A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one […]

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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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