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VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg
8.4.2021
The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital...
$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit
27.11.2020
Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data...
MakerDAO’s DAI Stablecoin Breaks $1B Market Cap
11.11.2020
The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer
Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan
2.11.2020
The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order to sway a Makerdao governance vote. The development team behind...
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...
Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B
4.10.2020
2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top...
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July
4.9.2020
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged...
Coinbase Offers DAI Holders 2% Interest
30.7.2020
Coinbase is offering crypto customers 2% interest for their Dai holdings
Coinbase Now Offers 2% Rewards on Dai Stablecoin Accounts
29.7.2020
The program applies to customers residing in the U.S., U.K., The Netherlands, Spain, France and Australia
Blockchain Intelligence Firm Wants to Prove Tim Draper Wrong on DeFi
21.5.2020
Blockchain intelligence firm asserts that stablecoins are not a replacement of the dollar, instead they present a censorship resistance alternative to fiat
‘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...
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...
MakerDAO Community to Vote on Upgrades, Conduct Debt Auction
13.3.2020
For the first time, MKR tokens will be minted and auctioned for DAI to repay outstanding debts that failed as a result of the recent crypto market meltdown
Coinbase Commerce Introduces DAI Stablecoin on the Network
14.2.2020
Crypto payments network Coinbase Commerce announced on Thursday that it had launched the DAI Stablecoin on the platform. Merchants will now be able to accept DAI payments via the platform’s own API and the 12 e-commerce partners. ???? We are proud to announce the ???? launch ????of...
OKEx Debuts Dai Stablecoin Staking Bonus as Tether Dwarfs Volumes
17.12.2019
Dai support from OKEx seems destined to have little impact in a market dominated by Tether
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
Ether Price Drop Shakes DAI Stablecoin Peg, Two Collateral Contracts Closed
25.9.2019
The reliability and weaknesses of the decentralized stablecoin DAI and the ecosystem built on it have been shown by the recent Ether price drop
Coinsource To Add Dai Stablecoin In The Bitcoin ATM
27.6.2019
This summer the Bitcoin ATM users can also find Dai stablecoin in the ATM. As the Bitcoin ATM manufacturer, Coinsource is planning to add the stablecoin. The preparations are taking place tirelessly for the presentation of full remittance service. It is expected that Dai will protect the user from...
Coinsource Adds Dai Stablecoin to Bitcoin ATM in Preparation Remittance Roll-Out
26.6.2019
Coinsource will be updating all of its 230 machines in 29 US states and the District of Columbia in a push to create a remittance system
Coinbase Earn Now Supports Ethereum-Based Dai Stablecoin
10.6.2019
Coinbase adds a new course on its educational portal Coinbase Earn, with quizzes and videos about the Ethereum-based dai stablecoin