MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.” Writing in the DAO’s Discord channel, as yearn.finance (YFI) core developer banteg shared, Christensen wrote to…
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In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC. MakerDAO founder Rune Chirstensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its DAI stablecoin from the United States dollar (USD).…
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The community members of Lido Finance, a decentralized finance (DeFi) protocol and third-party staking pool operator for Ethereum (ETH) 2.0, have voted against a proposal to sell LDO 10m tokens to crypto investment firm Dragonfly Capital for DAI 14.5m. The vote, which concluded on Monday after a four-day voting period, ended with 609 DAO members…
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During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen increases. Stablecoin Markets Lose Close to…
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Lido Finance, a decentralized finance (DeFi) protocol and third-party staking pool operator for Ethereum (ETH) 2.0, aims to expand services across various Ethereum Layer 2 (L2) scaling solutions. Meanwhile, a new proposal seeks to secure around two years of “operating runway” for Lido DAO in stablecoins…. Read More: Staking Pool Lido to Expand to Ethereum…
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Popular decentralized finance (DeFi) protocol Aave (AAVE) has proposed to the decentralized autonomous organization (DAO) the introduction of a native, decentralized, fully collateral-backed, USD-pegged stablecoin on the Ethereum (ETH) mainnet – dubbed GHO. “Calling all GHOsts,” said Aave on Thursday, announcing that they’ve created a new Aave Request for Comments (ARC) – which is the first step…
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MakerDAO members turned up in record numbers to preserve the principles of decentralization, setting new precedents for future DAO governance. In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance structure become more centralized. On…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: FTX Denies It’s Buying Robinhood, MakerDAO’s USD 500M Vote, Dfinity Sues New York Times + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Bybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the popularity that the cryptocurrency industry is enjoying in the country. The exchange will also have a dedicated team to support Argentinian operations.
Bybit Lands…
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The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP). A couple of good news related to Celsius seem to have led to a surge in the price of…
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