Wed, December 11

Sky Branding Dilemma Deepens Amid Founder’s Transactions

Sky, formerly known as MakerDAO, is currently navigating significant changes and community feedback following its rebrand. Founded by Rune Christensen, Sky is grappling with user concerns regarding its new identity and governance structure. The protocol, previously famous for creating the decentralized stablecoin Dai, has introduced a new stablecoin, USDS, which

October 23, 2024 2 mins read

Sky May Rebrand Back to Maker Amid Community Pushback

The decentralized finance (DeFi) platform formerly MakerDAO, now branded as Sky, is planning a return to its original name following community pushback over the rebranding. The co-founder of Sky, Rune Christensen has commenced a proposal to readdress the rebranding decision.  Since the rebrand in August 2024 as part of the

October 22, 2024 2 mins read

What Does a 70x Profit MKR Sell Off Mean for Its Future ?

A long-term MakerDAO holder has drawn attention after selling 251.5 MKR tokens, netting $408,000 worth of Ethereum. The transaction, executed seven hours ago at $1,624 per token, yielded a return of nearly 70 times the initial investment. They acquired 451.5 MKR tokens in 2017 at around $23 per token. 🚨

September 6, 2024 2 mins read

MakerDAOs Freeze Function in Upgraded Stablecoin Raises Concerns

Maker, a leading platform in decentralized finance, has recently undergone a rebranding and is now known as Sky. Alongside this change, their widely-used stablecoin, previously known as DAI, has been upgraded and rebranded as USDS. Users can upgrade from DAI or convert from USDC to NetStable at a 1:1 ratio.

August 28, 2024 2 mins read

MakerDAO Unveils New Versions of Native Token MKR and DAI

MakerDAO, a decentralized finance (DeFi) platform, has announced the launch of new versions of its native tokens, DAI and MKR, as part of its ongoing endgame plan. The new tokens, named NewStable (NST) and NewGovToken (NGT), were introduced to enhance governance and functionality within the MakerDAO ecosystem. According to the

August 23, 2024 2 mins read

Grayscale Unveils MakerDAO Trust, MKR Rises 7% Following Launch

A new cryptocurrency investment fund called MakerDAO Trust has been unveiled by digital asset manager Grayscale. The fund will invest in a single asset and will be launched via private placement. Other crypto-based trusts have also been launched in a similar vein, exposing investors to the market. As a result,

August 14, 2024 2 mins read

What are Stablecoins? Top Stablecoins to Watch in H2 2024

In H1 2024, the stablecoin sector witnessed 24.3% growth in market cap according to CMC data. It also dominated the DeFi sector and is stated to be a fast emerging digital asset. Popular stablecoins such as USDT and USDC showed substantial growth in users apart from increases in market cap.

July 24, 2024 6 mins read

BlockDAG’s New Dashboard Steals Spotlight: Investors Impressed with 800% Coin Value Surge Amidst Render Price and Maker News

The cryptocurrency market is in high demand due to the latest developments involving Render (RNDR) price, Maker (MKR) news and BlockDAG’s dashboard. Recent activity in Render tokens suggests a potential 30% price rally, drawing traders’ attention to its short-term prospects. Meanwhile, Maker (MKR) news highlights increased whale optimism, boosting active

May 27, 2024 4 mins read

MakerDAO Implements Interim Fee Adjustments to Strengthen Protocol

Due to an episode of increased volatility which has led to a decrease in the reserves of its dollar-pegged stablecoin dai, MakerDAO has instituted a series of interim fee adjustments intended to strengthen the protocol. The recommendation was brought out by BA Labs, a member of Maker’s Stability Advisory Council,

March 10, 2024 1 min read

Vaults in DeFi: From Safekeeping to Yield Generation – 4 Pioneering Platforms

The Decentralized Finance (DeFi) ecosystem, a revolutionary space in the financial world, is continuously evolving, presenting new opportunities for asset management and income generation. At the heart of this transformation are “vaults” – once simple digital safes for storing cryptocurrencies, now complex financial instruments driving the DeFi economy. This article

February 2, 2024 9 mins read