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Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months
18.9.2021
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...
Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI
9.10.2020
On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals...
‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation
15.4.2020
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi...
MakerDAO Project is Launching Multi-collateral Dai on Crypto.com
16.11.2019
According to the recent announcements, the MakerDAO project will launch its token, Multi-Collateral Dai (Dai), on November 18, 2019. Existing Single-collateral Dai (Sai) will be converted to Multi-Collateral Dai after its release. This token will be launched on the Crypto.com application.  ...