Tagged: maker foundation

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

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

Lawsuit Filed Against Maker Foundation for Allegedly Misrepresenting Information to Investors, which Led to Over $8 Million in Losses Following ETH Price Crash

A class-action lawsuit has been filed against the Maker Foundation, which supports the ongoing development of MakerDAO, a leading decentralized Ethereum (ETH)-powered lending facility. The suit alleges that the foundation intentionally misrepresented the risks potential investors in the decentralized finance (DeFi) ecosystem could face. The… Read More

Maker Foundation, which Supports Development of MakerDAO, a Decentralized Lending System, to Transfer Governance Power to Community in Coming Years

The Maker Foundation, which focuses on the development of MakerDAO, an Ethereum-based, decentralized lending protocol, will be transferring its governance power to the community during the next couple of years. The Foundation confirmed that it will be publishing a draft of the new MakerDAO community-led… Read More

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

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

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

Coinsource Forms New Partnership With Maker Foundation For Dai Support & Remittance Network

Coinsource, a bitcoin ATM network, announced on Wednesday it has formed a partnership with Maker Foundation for Dai support, as well as a remittance network. Throughout the rollout, Coinsource will be updating all of its machines to allow customers to buy, sell, and store Dai… Read More

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