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sDAI Pool by Aave goes live after MakerDAO pulls yields downs


Aave has announced launching the sDAI pool following a reduction in the DSR yields. DSR refers to the DAI Saving Rate. It was originally set to 3.3%, later pitched up at 8$, only to bring it down again. Rune Christensen, the Co-Founder of MakerDAO, has suggested further lowering the DSR yields...

Defi TVL Dips Below $40B Amidst Market Turbulence and Shrinking Confidence


After remaining above $40 billion for much of 2023, the total value locked in decentralized finance, or defi, fell below the threshold on August 17, reaching $37.9 billion by August 22. Additionally, from August 13, the top 100 DeFi tokens have decreased by $1.74 billion in value over nine days....

MakerDAO shares the news of an 8% yield by Spark


Spark, by MakerDAO, has announced that it is now offering a yield of 8% on DAI, making it the highest yield offered by a stablecoin issuer. This is a massive increase from 3%, especially on a stablecoin that ranks third across the globe. Yield is basically the rate of interest that users get...

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