MakerDAO is reintroducing the DAI Savings Rate. The DSR was first introduced in 2018, allowing participants to earn interest on their holdings of the project’s native stablecoin DAI by depositing it into a smart contract. However, for some time now, interest has been very low, paying consumers only 0.1%. Moreover,
Game7, a Web3 gaming DAO, launched a grant programme with a $100 million allocation. Funding such as this is intended to encourage developers to improve and expand the infrastructure necessary for Web3 gaming. According to a recent tweet from crypto and blockchain analyst WuBlockchain. The DAO plans to enhance smart
Lausanne, Switzerland, 9th November, 2022, Chainwire KuCoin has announced it will list AirDAO’s $AMB token with a USDT pair on November 9th. The announcement gives KuCoin’s 25 million global users the opportunity to participate in AirDAO’s up-and-coming DeFi ecosystem, boosting its rapidly growing international community and marking another
This Monday’s vote was not an executive vote but rather a ratification vote. The move has been credited for advancing the project’s greatest restructure in its history. As time goes on, MakerDAO gets closer to its “Endgame.” DeFi’s de facto central bank will establish so-called MetaDAOs and activate a new
The DAO re-invests capital, capabilities & connections to help retention and attract the best Web3 talent to Australia SYDNEY–(BUSINESS WIRE)–Upside, a Web3 focussed Investment Decentralised Autonomous Organisation (DAO), today announces it has raised $5 million in capital to deploy in support of the best Web3 startups, with a focus on
The USDC is a third of the treasury supporting Maker’s Peg Stability Module. The DAO will receive up to 1.5% rewards on the assets. After being presented by Coinbase Institutional on September 6, the proposal passed with 75% approval on Monday afternoon. The USDC is a third of the treasury
The Olympus treasury holds a variety of assets including DAI and FRAX. OlympusDAO is a decentralized reserve currency system using the OHM token. Early this morning, a hacker stole 30,000 OHM tokens from OlympusDAO, which are valued at over $300,000. However, hours later, the attacker returned the assets to the
DAO is expected to process data from 20% of all U.S. fintech customers as part of an effort to help the industry transition from fraud detection to fraud prevention SAN FRANCISCO–(BUSINESS WIRE)–Unit21 and other members of the U.S. consumer fintech community have come together to launch the Fintech Fraud Decentralized
A16z disagrees with the founder’s plan to split MakerDAO. Almost 90% of voters support the establishment of MetaDAOs. The top venture capital firm, Andreessen Horowitz known as a16z disagrees with the founder’s plan to split MakerDAO, one of the most prominent decentralized finance (DeFi) protocols in cryptocurrency, into smaller entities.
Cross-chain crypto launchpad Uplift DAO offering funding for innovative initiatives via crowdsourcing has announced an integration with MoonPay, the leading web3 infrastructure company. With this collaboration, customers will have an easier time putting money into innovative web3 projects using more conventional payment methods. Through their collaboration, Uplift and MoonPay are removing a
