Tags : Dai


Regulation

DeFi’s Central Financial institution MakerDAO Relaunches 1% Fastened Yield for

MakerDAO is bringing again a fan favourite: The DAI Financial savings Charge.  First launched in 2018, the DSR lets customers deposit the undertaking’s native stablecoin DAI right into a good contract and start incomes curiosity on their holdings. The curiosity has been negligible for a while, nevertheless, incomes customers simply 0.1%.  DAI is MakerDAO’s decentralized […]Read More

Bitcoin

Pigeon, Eagle, Phoenix: How Maker Will Use US Treasuries to

Decrypting DeFi is Decrypt’s DeFi electronic mail e-newsletter. (artwork: Grant Kempster) Maker, the undertaking underpinning the market’s largest decentralized stablecoin DAI, is taking massive strides into the world of centralized finance. Maker is tying up with corporations like Coinbase, Gemini, and Coinshares, and even shopping for up U.S. treasuries and company bonds from BlackRock (sure, […]Read More

Bitcoin

New Research Reveals Finest Stablecoin, Why DAI Took The Crown

Decentralized stablecoin DAI, native to Maker protocol, may grow to be a significant chief within the sector over the approaching years. The digital asset was essentially the most steady of the stablecoin in a interval of 9 months, in line with research revealed by Finest Brokers. A stablecoin is a digital asset whose worth is […]Read More

Bitcoin

One Does Not Merely Destroy DAI: Maker Founder’s ‘Endgame’ Proposal

Decrypting DeFi is Decrypt’s DeFi electronic mail publication. (artwork: Grant Kempster) Final Friday, Rune Christensen, the mastermind behind crypto’s unofficial central financial institution, MakerDAO, penned a proposal of epic proportions. It described the continued results of the Tornado Cash sanctions, stated the business has “failed to point out any type of worth to society,” and outlined two potential […]Read More

Cryptocurrency

MakerDAO Founder Calls on DAI to Drop Greenback Peg Amid

Within the aftermath of the Treasury Division’s gorgeous determination Monday to ban Ethereum coin mixing instrument Twister Money, many crypto trade leadwalletsers are reconsidering their publicity to centralized assets and merchandise inside the American authorities’s attain.  Add to that rising listing blue chip DeFi protocol MakerDAO. This morning, MakerDAO’s founder, Rune Christensen, introduced by way […]Read More

Cryptocurrency

MoonXBT provides USDT spot commerce in DAI, ADA, AVAX,  LTC,

MoonXBT, a crypto derivatives & social buying and selling platform, has now introduced it has efficiently launched new USDT spot buying and selling pairs within the following markets: DAI/USDT, ADA/USDT, AVAX/USDT, LTC/USDT, FTT/USDT, LINK/USDT, and FTM/USDT. The crypto margin buying and selling platform affords as much as 150x leverage and lately built-in fiat-gateway XanPool, to […]Read More

Cryptocurrency

Why Maker’s DAI Is Surviving Even After Collapse of Terra’s

Decrypting DeFi is Decrypt’s DeFi electronic mail publication. (artwork: Grant Kempster) It’s been a wild two weeks in Cryptoland, and nothing has been extra dissected than the collapse of Terra’s algorithmic stablecoin UST, now buying and selling at about 6 cents. However because the mud settles, how are issues on the lookout for different stablecoins? Circle’s […]Read More

Regulation

Maker DeFi Token Jumps 30% as Customers Flip to DAI

Whereas crypto markets staged a rebound Friday morning, the MakerDAO governance token, MKR, was up 30% as buyers wager on its DAI stablecoin amid Terra’s ongoing collapse. Early Friday, MKR was the eighth-largest DeFi (decentralized finance) token with a market cap of $1.4 billion, based on CoinMarketCap. In the meantime, DAI had change into the […]Read More

Bitcoin

MakerDAO’s DAI Fell Behind Terra’s UST Months In the past.

For longtime readers of this letter, you’re certainly conscious of the 2 main decentralized stablecoin suppliers: MakerDAO and Terra. Each Tether (USDT) and USD Coin (USDC) are a lot bigger than each of those initiatives, however they fail the decentralized take a look at. MakerDAO is behind the stablecoin DAI, and Terra is behind the […]Read More