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,
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 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
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.
It started with a $1 million pilot transaction, and the rest will follow shortly. MakerDAO’s native stablecoin, DAI, will be converted to US dollars. In a Thursday announcement, MakerDAO, the biggest DeFi lending protocol in the world, said it will invest $500 million in US Treasury bonds and investment-grade corporate
Circle’s USDC stablecoin is used to collateralize the vast majority of MakerDAO’s DAI. The DeFi protocol has a total locked value of approximately $11 billion. Many prominent leaders in the cryptocurrency sector are reevaluating their dependence on U.S.-based centralized services and products in the wake of the Treasury Department’s shocking
117,000 MKR tokens were used to support the plan, while just 4,200 were used to reject it. The U.S. bank will be able to get liquidity in the form of DAI, a stablecoin. A U.S. bank, the Huntingdon Valley Bank (HVB), will be connected to MakerDAO’s decentralized financial system for
Community leader “monet-supply” proposed an alternate token economic mechanism. Maker Improvement Proposal must be presented for a formal vote by MKR holders. MakerDAO, the decentralized platform for stablecoins, is considering a significant tokenomics move to replace its governance token, MKR. Community leader “monet-supply” proposed an alternate token economic mechanism on
