Tagged: dai

Paradigm Is Biggest Winner of MakerDAO Lending System’s MKR Governance Tokens, to Cover $4.5 Million of Undercollaterized Debt

San Francisco-based Paradigm, a digital asset investment firm, is reportedly the biggest winner of several MKR governance token auctions which were meant to cover about $4.5 million of undercollateralized debt. The auctions, which took place between March 19 and March 28, 2020, managed to raise… Read More

DeFi: Maker Foundation to Hand Over Governance, via Smart Contract, to MakerDAO’s MKR Token Holders

The Maker Foundation, an organization that supports the ongoing development of MakerDAO, a decentralized autonomous organization that operates an Ethereum-based lending system, has decided to hand over governance (through a smart contract) to MKR token holders. The Maker Foundation said the decision was the initiative’s… Read More

Uniswap, a Widely-Used Non-Custodial Crypto Exchange, to Add New Ethereum Token Pairs with Upcoming Software Update

Uniswap, a widely-used non-custodial digital asset exchange, has revealed that the decentralized protocol’s second iteration will launch during Q2 2020. It will add new features such as support for additional ERC-20 compliant pairs, more peer to peer price oracles, flash swaps and a new protocol… Read More

Maker Foundation, which Supports Ethereum-based DeFi Platform MakerDAO, Appears to be Winning All Auctions of MKR Governance Tokens

MakerDAO, a leading Ethereum (ETH)-based decentralized finance (DeFi) platform, is currently in the process of carrying out an auction of MKR governance tokens in exchange for stablecoin Dai, in an attempt to cover around $4.5 million undercollateralized debt. On-chain (blockchain) data reveals that the Maker… Read More

DeFi: Decentralized Finance Lending Protocol MakerDAO Might Add Stablecoin USDC as Collateral to Address Dai Liquidity Problem

The MakerDAO community is reportedly considering the possibility of adding the USDC stablecoin as an additional type of collateral in order to provide more Dai (another major stablecoin) liquidity into the decentralized finance (DeFi) platform. MakerDAO (where DAO stands for distributed autonomous organization) is an… Read More

DeFi: Leading Ethereum-based Decentralized Finance Credit Facility, MakerDAO, is Planning to Conduct MKR Governance Token Auction

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MakerDAO, a leading Ethereum (ETH)-powered decentralized finance (DeFi) credit facility, is reportedly planning to conduct a MKR governance token auction within two days from now. This marks the first time that this type of event will take place in Maker’s history. The MKR auction, called… Read More

Leading DeFi Platform MakerDAO Partners Digital Payment Processor Simplex to Develop Fiat On-Ramp for Maker’s Dai Stablecoin

MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

Coinbase Commerce Adds Support for Major Stablecoin Dai, Merchants May Accept Dai Payments

Coinbase Commerce has added major stablecoin DAI as a new payment option for its merchant client base. As mentioned in a press release from Coinbase’s management, merchants using the Coinbase Commerce platform will be able to take payments made in the DAI stablecoin. Vendors can… Read More

Nearly $1 Billion Now Locked into Ethereum-Dominated Decentralized Finance (DeFi) Ecosystem

Nearly $1 billion is now locked up into the evolving decentralized finance (DeFi) ecosystem, according to data site DeFi Pulse. The site tracks major Ethereum-based lending protocols including Maker, a projected managed by the Maker Foundation, a non-profit organization that supports the MakerDAO initiative, which… Read More

Maker Foundation, Supporter of MakerDAO Project, to Transfer Maker and Dai Trademarks to Denmark-based Foundation

The Maker Foundation, a non-profit entity that supports the MakerDAO project, an initiative involving the decentralized stablecoin Dai, revealed that it will be transferring the Maker and Dai trademarks to an autonomous Denmark-headquartered foundation, the Dai Foundation. The Maker Foundation confirms it will also be… Read More

Coinbase Introduces First Stablecoin on Coinbase Card “DAI”

Cryptocurrency exchange platform Coinbase announced on Friday the introduction of the first stablecoin for Coinbase Card. The platform reported that it has launched full support for the digital currency, DAI. “Paying with a stablecoin brings something new to the Coinbase Card experience and using a… Read More

Stablecoins: Holy Grail or Impossible Trinity?

Are stablecoins the future of cryptoassets? In the quest to develop a digital token with the decentralization aspects of bitcoin and none of the associated volatility has sparked interest from many. From talented tech teams, economists and VCs it seems stablecoin projects have the potential… Read More

Swarm Fund Partners with MakerDAO, Adds Dai Token to Platform

Swarm Fund has partnered with MakerDAO to integrate the Dai token into the Swarm platform. Swarm says this will enable their community of investors to lock into cyrpto prices using the stablecoin. Swarm targets crypto Investors who want to de-risk their portfolios, like family offices… Read More

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