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Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues
18.3.2020
Since March 12, the Makerdao community has been struggling with the stablecoin DAI which has been over $4 million undercollaterized since the crypto market carnage started. On March 18, the developers plan to auction newly minted maker (MKR) tokens in order to remove the outstanding debt. However...
Maker Accepts USDC as a Collateral, Becomes 'Less Trustless' + More News
17.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
DeFi news
As a result of an Executive Vote held today, MKR holders have accepted USD Coin (USDC) as a new collateral asset in...
MakerDAO Adds USDC as DeFi Collateral Following ‘Black Thursday’ Chaos
17.3.2020
MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg. Passed Tuesday at 2:58 UTC, the Coinbase- and Circle-backed USDC is now available for use as collateral...
MakerDAO Considering USDC Collateral Support For Enhanced Liquidity
16.3.2020
DeFi giant MakerDAO is considering USDC as collateral support to fight its liquidity risk
$100M+ in Margin Calls: Crypto Lenders Demand Collateral as Market Buckles
14.3.2020
“As of five minutes ago, everyone who needed to post collateral has,” Genesis CEO Michael Moro said Friday afternoon
ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...
Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems
23.2.2020
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit...
Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum
19.2.2020
During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also...
Coinbase Margin Trading Now Live for Coinbase Pro Users
13.2.2020
Coinbase has launched margin trading for users of its cryptocurrency trading platform, Coinbase Pro. Both individual and institutional investors in selected regions now have access to Coinbase margin trading. The company plans to expand access to more regions and provide more types of collateral...
Ethereum Classic Jumps Into DeFi With Fantom Partnership, But Only as Collateral
10.2.2020
Ethereum Classic is jumping into DeFi, but only as a collateral asset
Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans
16.1.2020
U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans...
Uphold Users Gain Access to Salt’s Crypto-Backed Loans
16.12.2019
Uphold users have gained access to loans from Salt Lending using crypto holdings such as bitcoin cash (BCH) as collateral. The digital money platform has more than 1.5 million users globally and has powered over $5 billion in transactions. Also Read: Nexo Now Offers Bitcoin Cash Instant Crypto...
Multi-collateral Dai is Live, Drawing Praise, Criticism and Confusion
19.11.2019
A multi-collateral stablecoin Dai is officially live and is assigned the name Dai. The single-collateral stablecoin Dai (DAI), now has been renamed to Sai.
Following Friday’s executive vote by Maker (MKR) stakeholders, the MakerDAO system has seen the activation of Multi-Collateral Dai (MCD),...
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.  ...
Coinbase and Coinbase Pro to Back New Multi-collateral DAI
16.11.2019
Coinbase has announced an upgrade from its current single-collateral DAI to a multi-collateral DAI stablecoin. In the new upgraded multi-collateral DAI, traders can use both the Ethereum and other ERC20 tokens to create DAI, whereas, the old single-collateral DAI version could use only the Ethereum...
Dai Stablecoin Hits 100M Debt Ceiling Ahead of Collateral Protocol Upgrade
6.11.2019
The Dai stablecoin developed by MakerDAO has hit its 100 million debt ceiling ahead of an upgrade to its collateral protocol
Maker’s Stability Fee Drops to 5.5% After Multi-Collateral Dai Announcement
3.11.2019
According to the CEO of the Maker Foundation, Rune Christensen, Multi-Collateral Dai (MCD) will launch on November 18. On October 28, Maker’s stability fee was reduced by a ‘whale’ with roughly 94% of the voting power. Also Read: French Ministry of Education Publishes Bitcoin...
Raiffeisen Among 18 Banks in First Global Tokenized Collateral Trial
18.10.2019
Raiffeisen amongst 28 organizations in the first global-scale trial on R3 Corda network
Dutch National Bank Says Gold Can Re-Start Economy in Case of Total Collapse
13.10.2019
An article found on the De Nederlandsche Bank (DNB) website has surprised many in the crypto space, with its bold claim that “If the entire system collapses, the gold stock provides a collateral to start over.” While proclamations of this nature are nothing new, it is strange to see...
MakerDAO’s Multi-Collateral DAI Token Is Launching Nov. 18
9.10.2019
From Nov. 18, borrowers of DAI tokens will be able to stake multiple types of cryptocurrency collateral, not just ETH