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

April 1, 2020 @ 11:39 pm By Omar Faridi |

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

Read more in: Blockchain & Digital Assets | Tagged auctions, dai, Decentralized Finance, decentralized lending, eth, ether, ethereum, maker, maker foundation, mkr governance tokens, mkr tokens, paradigm, san francisco, stablecoin

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

March 22, 2020 @ 6:13 pm By Omar Faridi |

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

Read more in: Blockchain & Digital Assets | Tagged crypto-assets, dai, Decentralized Finance, decentralized lending, DeFi, digital assets, eth, ether, governance tokens, maker, maker foundation, maker tokens, makerdao, mkr, p2p lending, stablecoins

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

March 17, 2020 @ 10:31 pm By Omar Faridi |

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

Read more in: Blockchain & Digital Assets, Global | Tagged dai, dai loans, Decentralized Finance, decentralized lending, DeFi, eth, ether, ethereum, keepers, maker, makerdao, mkr, stability fee, stablecoins, usdc

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

March 4, 2020 @ 10:13 pm By Omar Faridi |

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

Read more in: Blockchain & Digital Assets, Investment Platforms and Marketplaces | Tagged bitcoin, btc, celsius network, dai, decentralized lending, eth, ether, ethereum, lending, maker, makerdao, p2p lending, simplex, stablecoin

DeFi: Decentralized Finance Platform Compound’s Developers Reveal Results of Stress Tests Under Extreme Market Conditions

February 8, 2020 @ 5:33 pm By Omar Faridi |

The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

Read more in: Blockchain & Digital Assets, Global, Investment Platforms and Marketplaces | Tagged Decentralized Finance, decentralized lending, decentralized lending protocols, DeFi, eth, ether, ethereum, lending, loans, peer-to-peer lending, tarun chitra