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
While the global cryptocurrency market signals some recovery from its yesterday’s loss, a community-driven, decentralized autonomous organization called “Cult DAO” appears to be sparked in “Crypto Twitter’ with its liquid token CULT. Without any specific reason, the $Cult community making a loud noise on social media, Twitter, with more than
MakerDAO has developed a contingency strategy to shield its native stablecoin DAI from additional exposure to potentially unstable stablecoins. Amidst the volatility that has plagued the crypto market over the last twenty-four hours. Especially with USDC depegging from its $1 value. And mounting fears over the degree to which it
By himself, Christoph Zaknun created Degen Zoo, an NFT game based on Logan Paul’s abandoned Crypto Zoo, in under 30 days. To refute Paul’s assertion that the development process would take years, the creator of DAO Maker decided to take up the task of developing the abandoned idea. Setting new
Users have staked over 20 million CORE to date BRITISH VIRGIN ISLANDS–(BUSINESS WIRE)–Core DAO, a Layer-1 blockchain running on a combined Proof-of-Work and Delegated Proof-of-Stake consensus mechanism known as Satoshi Plus, completed an airdrop to over 1.12 million addresses on February 8, which makes it among the largest token distributions
Lido, the liquidity staking protocol for Proof-of-Stake (PoS) blockchains has published a new proposal for Treasury choices. Lido holds more than $8 billion in staking and the number of Ethereum (ETH) tokens is valued at around $7.9 billion. The number of stakers on the network is approximately 275 K. The
To implement the planned deployment of Uniswap v3 on the BNB Chain, the Uniswap Decentralized Autonomous Organization (DAO) has just completed the final vote that will be employed. Almost two-thirds of DAO delegates approved the Friday move, as reported by the platform that collected the votes. A follow-up vote held
Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a cooperation with DAO Maker, a prominent blockchain growth solutions provider recognized for their Launchpad, to incubate innovative Web3 firms with an emphasis on providing real-world use cases. DAO Maker will actively contribute to
Today, a layer 1 blockchain Core DAO publicly launched its first-ever Airdrop for its native token CORE. Also, the token was made available to users with an opening price of $4.27. At the time of writing, CORE traded at $5.95, which surged over 40% in just half an hour of
MEXC, which claims to be one of the fastest-growing digital currency exchanges, recently revealed that it will be listing CORE, the native token of CoreDAO, a Layer-1 blockchain that aims to leverage the composability of an Ethereum Virtual Machine (EVM) chain, with the decentralization and robust security of the Bitcoin
