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Tagged: collateralized debt positions

Decentralized Finance Protocol MakerDAO Shuts Down Single Collateral Lending System, Will Move to Multi-Collateral System

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MakerDAO, a leading Ethereum-based lending system, is preparing to move to a multi-collateral DAI (MCD or Dai) system. The protocol’s community has closed down the single-collateral Dai (Sai) system, as the decentralized finance (DeFi) solution gets ready for the transition. MCD had been activated on… Read More

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MakerDAO Recommends Safety Measures to Prevent Debt Crisis Created Following Last Month’s Historic Cryptocurrency Market Crash

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MakerDAO (MKR), a leading Ethereum (ETH)-based lending protocol, has released a new report that tries to put the events of “Black Thursday” (when the Bitcoin and larger crypto market crashed over 50% between March 12-13, 2020) into context. MakerDAO’s report notes that there are certain… Read More

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DeFi Report: Crypto Investors are Actually Interested in Decentralized Finance Technology, Not Solely Motivated by Speculation and Profits

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Cryptocurrencies and their underlying blockchain technology are often criticized for not having enough practical use cases. There are still relatively few merchants or retailers who will accept virtual currencies as payment, because of the challenges associated with off-ramping into fiat currencies, which are more practical… Read More

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