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Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield

20.4.2023
The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

16.4.2023
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8%...

Uniswap funds DAO incentive improvement project

11.4.2023
The project will provide at least three proposals for Uniswap incentive mechanisms by June

Next Generation DeFi Platform M^ZERO Emerges from Stealth with $22.5M Funding Round

5.4.2023
The initial round was led by Pantera Capital, and included the Scaramucci family-linked SALT Fund, and Mouro Capital, the venture capital connected to the Santander Group

CFTC allegations and $1 billion lawsuit for Binance: Law Decoded, March 27–April 3

3.4.2023
Five days after the CFTC move, a new $1 billion lawsuit was filed against the crypto exchange by the law firm representing three American investors

Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March

2.4.2023
The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit...

MakerDAO passes new 'constitution' to formalize governance process

27.3.2023
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities

Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan

27.3.2023
The approved proposal aims to set a new foundation for the largest decentralized lending protocol’s major restructuring called “Endgame.”

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

26.3.2023
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC...

MakerDAO votes to keep USDC as primary collateral, rejects 'diversification' plan

24.3.2023
The passed measure ends the 1% USDC to DAI minting fee that was previously implemented

Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

23.3.2023
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed

MakerDAO passes proposal for $750M increase in US Treasury investments

16.3.2023
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure

Debtors saved over $100M using de-pegged stablecoins to repay loans

14.3.2023
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar

Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

13.3.2023
Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period

MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging

13.3.2023
The community proposal comes just days after DAI followed its fellow stablecoin USDC in slipping beneath the one-dollar mark

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

11.3.2023
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of...