The popular Aave DAO platform has successfully launched its own decentralized stablecoin, GHO, on the Ethereum mainnet. Minting the stablecoin with a wide variety of collateral assets kept inside the Aave Protocol is part of its effort to improve user visibility. By including such an asset, Aave hopes to provide
On Monday, two adversaries exploited a flaw in the Azuki DAO governance token contract and stole 35 ETH. Because the contract’s signature claimed variable wasn’t adequately validated, replay attacks were possible. The contract is now paused, according to MetaSleuth, a blockchain intelligence business. On the other hand, Members of the
The MakerDAO team, creators of the DAI stablecoin, recently announced the successful completion of a $700 million USD Treasury bond purchase. The project said in a press statement that it now has a total bond allocation of $1.2 billion. MakerDAO has already proposed raising the debt cap for MIP65 from
The voting period for a historic community vote to provide a $10 million educational fund for web3 is about to end. It will be the first time a DAO has been utilized to allocate funds to producers of educational content. A proposal for the $10 million global educator fund is now
VANCOUVER, British Columbia–(BUSINESS WIRE)–$NFT #NFT—NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) (“NFT Tech”), a technology company pioneering the use of AI to create immersive, interactive experiences that bring a new level of utility to digital assets, is thrilled to announce its strategic partnership with GPT DAO,
A district court in the United States has issued a default judgment ordering Ooki DAO to cease operations. Furthermore asked to pay a $643,542 civil penalty. In September 2022, the CFTC sued Ooki DAO for “unlawfully acting” as a futures commission merchant. And providing consumers margin and leverage trading services.
On Thursday, voters decided unanimously to remove Paxos from the reserve asset holdings, after a vote on a governance proposal to reduce the USDP debt cap from $500 million to zero. There were 35 voters that cast a total of 73,249 MKR tokens. According to the proposal’s authors at MakerDAO
BROWN CITY TYCOON is an official project of THE 75007, the world’s first metaverse department store. SEOUL, South Korea–(BUSINESS WIRE)–#BrownCityTycoon—hhnms, the provider of the world’s first metaverse department store THE 75007, announced that BROWN CITY TYCOON’s membership NFT sold out on May 31st (KST). This is good news amidst the
The majority of high-market-cap cryptocurrencies began their rise in the early morning. As the leading cryptocurrency Lido DAO (LDO) kicked off the week on a high note with a significant price rally. The altcoin recorded a more than 6.5% price surge within the last 24 hours. The cryptocurrency market is
In a move set to shake up the decentralized finance (DeFi) landscape, the MakerDAO community is poised to vote on a groundbreaking proposal that could significantly impact interest rates across the sector. The proposal seeks to raise the Dai Savings Rate (DSR) from its current 1% to an enticing 3.33%,
