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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...
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
11.3.2023
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the dollar
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
9.3.2023
Rune Christensen said DAI suffers from bad branding that could be slowing its growth on a call with community members
Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase
7.3.2023
The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
6.3.2023
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model
DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
27.2.2023
The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank
Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark
25.2.2023
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that...
DeFi Giant Maker Emerges Victorious as US Judge Dismisses $28M Lawsuit Filed Against It by Crypto Investors
25.2.2023
A US judge has dismissed a class-action lawsuit against DeFi crypto lender Maker that alleged the platform misrepresented risks investors faced, leading to catastrophic losses of collateral on MakerDAO back in 2020.
According to a court document filed on Wednesday, the “Black Thursday” lawsuit...
Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M
25.2.2023
The counter exploit came after the High Court of England and Wales ordered Oasis.app to work with Jump Crypto to retrieve the stolen funds
Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge
25.2.2023
The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020 market crash
MakerDAO voting on $100M loan participation with Florida commercial bank
17.2.2023
Florida's Cogent Bank is proposing a $100 million participation in loans to MakerDAO's RWA Master Participation Trust
BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert
13.2.2023
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees...
MakerDAO partners with Chainlink Automation for DAI stablecoin
10.2.2023
MakerDAO recently announced the successful integration of Chainlink Automation. As the creator of DAI, the protocol has onboarded Chainlink to its Keeper Network. MakerDAO’s Keeper Network acts as an automatic system running particular executions affiliated with Maker. Some of these actions...
DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin
9.2.2023
Chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker’s $5 billion DAI stablecoin
Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs, LocalBitcoins Closing down
9.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs...
DeFi Giant MakerDAO to Introduce Aave Rival Dubbed Spark Protocol
9.2.2023
MakerDAO, the DeFi organization that facilitates the generation of the DAI stablecoin, is releasing Spark Protocol – a lending platform that will rival Aave
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
8.2.2023
The proposed Spark Protocol will leverage Maker’s DAI stablecoin and its crypto assets for liquidity, and would be based on the Aave v3 smart contract system