MakerDAO is one of the most intriguing projects to watch in the cryptocurrency space in 2020 and beyond, namely because of how interesting things can get around the Maker ecosystem…
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…episode left Maker with nearly $5 million in protocol debt, as the lending system was expecting the liquidated ETH to be bought with an appropriate amount of Dai, Maker’s flagship…
This week Maker, the team behind the popular Dai stablecoin, announced its next generation “V2” Oracles. It’s a big development for the Ethereum DeFi ecosystem, as Maker’s first wave of…
MakerDAO, an automated lending dApp, has become the most successful project yet in Ethereum’s rising decentralized finance sector. That’s largely thanks to the Maker Foundation, a non-profit organization that’s served…
Maker DAO is a decentralized autonomous organization within the Ethereum blockchain. Maker works to minimize the volatility of DAI, its stable token, compared to the U.S. dollar, with holders of…
…solidifies these voters’ centrality in the wider Maker ecosystem. Notably, the Maker Foundation transferred trademarks and other intellectual property around Maker and Dai, the dApp’s associated stablecoin, to the independent…
…the project’s builders are going for, as explained in a recent blog post: “The Maker Foundation and the larger MakerDAO community are confident that Dai can sit alongside the other…
…collateralize Maker CDPs with digital assets beyond ether — is on the verge of opening up the playing field for DeFi users. Moreover, the Maker Foundation announced on June 27th…
…new users for Maker’s stablecoin. Activity Around Dai Continues to Grow It seems the Dai is on a definite uptrend. For example, according to Maker’s latest Momentum Report, Dai adoption…
…already proven to be a flood. https://twitter.com/RyanSAdams/status/1155842008071770112 According to analytics website MakerScan, the number of Maker CDPs opened up in July 2019 was over 17,620 — a whopping increase of…
…to many users. So, what exactly is Maker and how can you take out a Dai loan? Brief Overview of MakerDAO and Dai MakerDAO is a decentralized autonomous organization (DAO)…
…of Maker’s builders since last fall, when the Dai underwent a rebrand and the activation of its milestone Multi-Collateral Dai (MCD) system. “The Maker Foundation and the larger MakerDAO community…
…through the Maker team’s CDP Portal dapp. These positions allow users to take out decentralized loans using ether (ETH) as collateral. Maker collects a so-called “Stability Fee,” currently 1.5 percent,…
…leadership. Last year, MakerDAO CEO Rune Christensen apparently commandeered a community development fund worth over $100 million USD. That increased involvement led to some Maker team members opening up a…
…Maker and Compound Bridge Appears People refinance their traditional loans all the time. Now, DeFi proponents can refinance their CDPs too using the new MakerDAO x Compounder Protocol Bridge from…
…but DeFi stakeholders are now on high alert for further nefarious attempts against even bigger projects. The Governance Vector MakerDAO, which is easily the largest DeFi project right now, has…
…On December 19th, the Maker Foundation, a non-profit organization that backs the fledgling Maker project, announced that noted crypto investment firms Paradigm and Dragonfly Capital had made strategic purchases collectively…
As the MakerDAO project continues to advance and its flagship tokens, Dai and MKR, grow in popularity, the specter of Maker governance votes is rising too. Accordingly, cryptocurrency custodian firm…
…three DeFi money legos: Maker, Aave, and Uniswap. Among other things, the Maker team is behind the Dai stablecoin and Maker Vaults. Formerly known as collateralized debt positions, or CDPs,…
…around $4.5 million worth of underwater ETH collateral essentially for free when the Maker system was expecting some 4.5 million Dai — the dollar-pegged stablecoin of the Maker project —…
…the Dai’s dollar-pegged tokens are created when users’ collateralize ether (ETH) for self-lending in MakerDAO’s collateralized debt positions (CDP). In kind, Dai are burned whenever CDPs are paid off and…
