Tagged: makerdao

Digital Asset Investment App Luno Adds Aave, MakerDAO, Curve

Luno, the cryptocurrency investment app, has announced that it introduced three new virtual currencies to invest in that are frequently used by decentralized finance (DeFi) traders and investors. Aave (AAVE) aims to connect lenders and borrowers in a direct manner, without requiring intermediaries or third-parties…. Read More

Real-World Assets: Actively Managed Credit Portfolio Launches On-Chain with Monetalis, Cicada Partners

The Osprey Total Return Pool is the “first” actively managed investment grade credit portfolio available on-chain. The strategy of the pool is powerful: deliver “a total return from a short-duration Investment Grade credit portfolio of ‘real-world-assets’ including; Treasury Bills, Asset-Backed Securities, and Loans.” The pool… Read More

DeFi Lending, Stablecoin Protocol MakerDAO Grows US Treasury Bonds Holdings to $1.2B

MakerDAO, which claims to be the “longest-standing” DeFi lending protocol and creator of DAI, the original decentralized stablecoin, has announced that it has “completed the purchase of an additional $700 million worth of US treasuries, bringing the value of its total bond allocation to $1.202… Read More

DeFi Lending Protocol MakerDAO Announces Launch Date of Spark Protocol, a New Decentralized Application

MakerDAO, which claims to be the “longest-standing” DeFi lending protocol and creator of DAI, the original decentralized stablecoin, has announced the official launch date of Spark Protocol, a MakerDAO-centric decentralized application. Starting from May 9th, Spark Protocol will “serve as the underlying infrastructure for Spark… Read More

DeFi Lending Protocol MakerDAO Announces Approval of Maker Constitution

MakerDAO, which claims to be the longest-standing DeFi lending protocol and creator of DAI, the original, “decentralized” stablecoin, has announced the approval of the Maker Constitution. Succeeding in a Governance Poll on the MakerDAO forum, The Maker Constitution will gradually “change the operations of MakerDAO,… Read More

Societe Generale-FORGE Completes 7 Million DAI Drawdown from MakerDAO Protocol

MakerDAO, which claims to be the longest-standing DeFi lending protocol and creator of DAI, the original, decentralized stablecoin, announces Societe Generale-FORGE, a subsidiary of French multinational investment bank Societe Generale, has “completed an initial DAI drawdown from the MakerDAO protocol of 7 million DAI. SG-FORGE… Read More

BlockTower Credit, MakerDAO to Fund $220M of Real-World Assets via Centrifuge

The team at Centrifuge is pleased to close the year with the official launch of a $220 million fund with their partners BlockTower Credit and MakerDAO. The executive vote passed on Sunday, December 11, and Maker will “deploy four vaults to fund investments in real-world… Read More

MakerDAO Introduces Maker Teleport, Enabling Near-Instant Movement of DAI Across Chains

MakerDAO, which claims to the “longest-standing” decentralized finance (DeFi) lending protocol and creator of DAI, the original, decentralized stablecoin, announces the launch of Maker Teleport, a multichain infrastructure for teleporting DAI across different blockchain networks. Maker Teleport is now “available on the smart contract chains… Read More

MakerDAO Allocates $500M into US Treasuries, Corporate Bonds

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced “the strategic investment of $500M USD (converted from $500M DAI) into a combination of US Short Treasuries and Investment Grade Corporate Bonds.” The move, which will be initiated by DeFi… Read More

Huntingdon Valley Bank to Access Up to $100M of DeFi Funding via MakerDAO

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced that Huntingdon Valley Bank (HVB) has been “approved to utilize a $100M participation facility, funded by a Maker Vault.” Through this development, HVB, a Pennsylvania Chartered Bank founded in 1871… Read More

Crypto Bug Bounty Platform Immunefi Forms Security Core Unit, a Contracted Team in Maker Ecosystem

Immunefi, the cryptocurrency bug bounty and security services platform that protects more than $25 billion in users’ funds, is establishing the Immunefi Security Core Unit (CU), which is a contracted team within the Maker ecosystem. According to a release shared with CI, the team will… Read More

Recent Bitcoin, Ethereum, Wider Crypto Market Crash Was “Big Test” for Nascent Stablecoin Market: Report

The cryptocurrency market has really been tested during the past few weeks following “a cascade of negative news,” the Coin Metrics team notes in its latest report. The resulting crypto market price crash has also been “a big test” for stablecoins, which are becoming a… Read More

DeFi Protocol Maker Upgrades its Liquidations System so that it Can Handle Emergencies like Historic March 12, 2020 Market Crash

The Liquidations System of the Maker Protocol, which supports a leading Ethereum (ETH) based lending system, is a key element that has been developed to ensure that the stablecoin Dai generated in Maker Vaults “remains adequately collateralized.” The Maker Protocol is central or key to… Read More

Over $4 Billion Now Locked into Nascent DeFi or Decentralized Finance Market, with Open-Source Lending Protocol MakerDAO Leading the Way

The decentralized finance (DeFi) sector continues to experience significant growth, as the total value locked in its markets has surpassed $4 billion, according to DeFi Pulse data. DeFi markets leverage blockchain or distributed ledger technology (DLT), crypto-assets, and smart contracts (automated business logic), in order… Read More

Digital Asset Derivatives Platform Delta Exchange Is Offering Interest Rate Swaps for MakerDAO’s Stablecoin Dai

Delta Exchange, a cryptocurrency derivatives trading platform that’s not regulated in any jurisdiction, revealed on July 24, 2020, that it has introduced interest rate swaps for MakerDAO‘s stablecoin, DAI. The DAI stablecoin savings rate contracts offer “up to 160x leverage” on the notional value and… Read More

Explosive DeFi Growth Reported, after Cryptocurrencies Crashed on Black Thursday just like Traditional Financial Markets

The first half of 2020 has been negatively impacted by the global COVID-19 outbreak, including the nascent Bitcoin (BTC) and the alternative asset sector. Several blockchain and crypto firms such as TAGZ, an Australian digital currency exchange, and investment company Adaptive Capital have been forced… Read More

Balaji Srinivasan backed Options Issuance Platform Opyn Secures Over $2 Million to Help Protect DeFi Investors from Potential Losses

Ethereum based Opyn, an options issuance platform, has secured $2.16 million in capital via a round led by Dragonfly Capital, a cross-border crypto-asset investment firm. Other investors in Opyn’s latest round included 1kx, an early-stage token fund focused on remittances, computation, storage, prediction, and the… Read More

Coinbase Adds Maker (MKR) Governance Token, Will Support MKR-BTC, MKR-USD Trading, but No ETH

San Francisco-based crypto exchange Coinbase has confirmed that on June 8, 2020, it will begin taking inbound transfers of Maker (MKR) to Coinbase Pro, the platform for professional digital asset traders. The exchange operator said that users may start trading MKR via Coinbase “on or… Read More

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

Decentralized Finance: Researchers at Paradigm Publish Whitepaper Describing Fixed-Interest Rate DeFi Protocol

A researcher from digital asset investment company, Paradigm, has co-published a whitepaper that describes a new type of decentralized finance (DeFi) lending protocol, which promises fixed-interest rates. Dan Robinson and Allan Niemberg, the authors of the Yield Protocol whitepaper, officially announced the initiative on May… Read More