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‘No Other Option but More Collateral’: The Short- (and Long-) Term Fixes for Dai’s Broken Peg
11.9.2020
Stablecoin demand in yield farming is breaking dai's peg. Solutions revolve around USDC and Maker's version of QE, but will these measures last?
Maker seemingly gives up on Dai peg as interest rates are raised above 0%
8.9.2020
It seems zero interest rates were not enough to keep DAI stable
Maker community thanks yEarn for seemingly restoring DAI peg
3.9.2020
A massive yield farming strategy finally provides a mechanism to push the DAI price down
Dai Supply Hits New Highs as Efforts to Restore Peg See Limited Success
31.7.2020
The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1
Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs
31.3.2020
While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market...
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...
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...
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
Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
17.7.2019
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency...