The DAI stablecoin’s issuing body, MakerDAO, has voted in favor of increasing its allocation to existing US Treasury holdings. DAI’s stablecoin liquid backing is being diversified by exposure to real-world assets (RWAs). Such as an increase in investments in government treasury bonds. Last year, MakerDAO’s RWA strategy kicked off with
Spend-to-earn decentralized finance (DeFi) protocol Fluidity Money has teamed with Gains Network, a platform that provides gTrade, an innovative, user-friendly decentralized leveraged trading experience. By the integration of Fluidity’s novel yield-generating method through the integration of fDAI and the development of an fDAI vault, Gains Network and Fluidity Money’s partnership
In order to provide tokenized structured products for institutions and crypto projects looking for alternative forms of financing, AllianceBlock, the company creating seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure, announced today that it is collaborating with ABO Digital, the private digital asset investment arm of Alpha
Attempting to negotiate with the hacker who stole millions from its Ethereum-based non-custodial lending protocol, Euler Finance has demanded the restoration of 90% of the stolen funds within 24 hours or face legal penalties. On March 14, Euler Labs sent an offer to the hacker responsible for the $196 million
According to audit platform BlockSec, the decentralized finance (DeFi) platform Euler Finance was the victim of an attack worth over $196.9 million. Hackers made off with $135.8 million worth of Staked Ethereum (stETH), $33.8 million worth of Circle’s stablecoin USDC, and $8.7 million worth of the decentralized stablecoin DAI. Euler
Rootstock improved its DeFi environment for the Bitcoin ecosystem with seven new solutions and moved closer to full decentralization. In February 2023, Rootstock integrated with seven additional protocols, providing consumers greater freedom from the limitations imposed by conventional finance. Moreover, the BTC/rBTC two-way peg’s locking cap has been taken off. As
Despite receiving an offer from asset management NovaWulf Digital Management, insolvent crypto lender Celsius Network said on Wednesday that it was in talks with another possible buyer and would continue to seek more offers. During a hearing in Manhattan’s bankruptcy court, attorney Chris Koenig stated that Celsius is open to
Ajay Kumar Choudhary, Executive Director of the Reserve Bank of India (RBI) let out glimpses of the CBDC plan. The central government of the nation and the union bank are in process of building CBDC as a replacement for crypto. Ajay is confident over the fact, CBDC will emerge as
According to a report by Bloomberg, Babel Finance, a crypto lending platform located in Hong Kong, wants to develop a decentralized stablecoin that will be used to repay the firm’s debtors. Babel co-founder Yang Zho is now the company’s sole director. He is at the heart of the restructuring efforts.
This past Friday, Uniswap Labs announced the release of a new mobile wallet, only to have Apple’s App Store block it. This mobile application will be completely autonomous and open-sourced. The group claims they submitted the mobile app months ago, but are still waiting for clearance. Meanwhile, Uniswap Labs made
