DAI – Page 14 – Ƀitsell X

Third-Largest Bank in France Societe Generale Proposes Use of Defi Protocol Makerdao

October 1, 2021

French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale Proposes Leveraging Makerdao and…
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Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months

September 18, 2021

Recently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the decentralized stablecoin DAI’s market capitalization has also swelled significantly as DAI’s market valuation jumped more than 800% during the last 12 months, increasing from $696…
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Analyst says DeFi and stablecoins held up well as crypto markets imploded

May 27, 2021

DeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption. The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran…
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Glassnode predicts BTC rally as stablecoin supply tags record highs

May 4, 2021

Tether, USD Coin, Binance USD, and DAI are now worth more than $78 billion combined. The circulating supply of the four-largest stablecoins has spiked to new all-time highs, suggesting buyers could soon spark another leg up for the Bitcoin and crypto markets. The combined capitalization of Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and…
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MakerDAO moves to expand collateral assets and upgrade liquidation engine

April 21, 2021

The new liquidation engine has been designed to offer Maker’s users greater predictability and security. Decentralized lending and stablecoin protocol MakerDAO has opened governance voting to allow new tokens as collateral. A number of new collateral types have been proposed for MakerDAO, potentially increasing the number of digital assets that can now be used to…
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Shift toward full decentralization pushes Maker (MKR) price above $4K

April 16, 2021

Maker price rallies to a new all-time high as the MakerDAO community makes preparations to become fully decentralized. Stablecoins have become a significant foundational piece for the cryptocurrency sector because they serve as a deeply liquid base pair for most assets and also offer investors a secure place to capture gains. Data also shows that…
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‘Game changer’ for Maker and Ethereum with Optimism Dai bridge announced

March 10, 2021

The Optimism-Dai Bridge will allow fast withdrawals later this year. The Dai stablecoin produced by decentralized lending protocol MakerDAO is getting some speed and fee enhancements with its forthcoming upgrade on layer-two. Ethereum scaling solutions provider Optimism will provide the technology as announced on the MakerDAO forum on March 9. Co-founder and CTO of gaming…
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Who said you can’t spend crypto? Redditor sells free Moon tokens to pay rent

January 5, 2021

This Reddit user has found a unique way to make ends meet during the pandemic. A Reddit user by the name of “satoshinakamoto7” claims to have used their free MOON tokens to pay this month’s rent, offering another sign that cryptocurrencies are beginning to add real value to people’s lives. In a post that appeared…
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Redditor memes his way to $25K in Bitcoin profits

December 30, 2020

This is the story of a Redditor’s roundabout way of making a hefty Bitcoin profit. A Reddit user by the name of “u/Cryptorich13” has capitalized on the social media platform’s crypto reward system by converting his stash of free coins into Bitcoin (BTC). In a Sunday post, u/Cryptorich13 explained how he converted his 80,000 Moon…
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Terra Protocol (LUNA) rallies 66% after DeFi and stablecoin launch

December 20, 2020

Terra Protocol’s successful DeFi and stablecoin launch were followed by a 66% rally that brought LUNA’s market cap to $200 million. Throughout 2020 a handful of new stablecoins launched and many analysts have suggested that stablecoin growth is the backbone of the crypto sector and partially responsible for the current Bitcoin rally. For many traders,…
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Category: DAI