Maker Token (MKR) Up Nearly 50% As Rival Terra Crashes
Maker’s (MKR) price has jumped nearly 50% in the last few hours on speculation over replacing Terra’s dominance in DeFi. The DeFi token behind the DAI stablecoin seems to be benefitting from the fall of its competitor Terra’s UST. MakerDAO is has proven to be more stable than Terra thanks to having a more effective The post Maker Token (MKR) Up Nearly 50% As Rival Terra Crashes appeared first on CoinGape.
John McAfee’s Wildest Quotes About Bitcoin And Cryptocurrencies
The highly controversial and highly entertaining John McAfee is dead. As our sister site Bitcoinist informed, “According to a spokeswoman for the Superior Court of Catalonia, former crypto promoter John McAfee was discovered dead in his prison cell near Barcelona, Spain at the age of 75.” A cybersecurity pioneer and an eccentric millionaire, McAfee became […]
MakerDAO Reduces Stability Fees to Rekindle Stablecoin Demand
The decentralized finance platform, MakerDAO, intends to rekindle demand for its DAI stablecoin through fee reduction. The platform allows borrowers to use volatile cryptocurrency as collateral for loans of stablecoins (known as dai) pegged to the U.S. dollar. MakerDAO Focused on Stablecoins’ Development MarkerDao has adjusted stability fees across a wide variety of crypto assetsRead More
MakerDAO slashes stability fees as stablecoin demand wanes
Maker hopes to reignite demand for its DAI stablecoin through the fee reduction. Decentralized finance lending and stablecoin protocol MakerDAO has adjusted stability fees across a wide range of crypto assets used as collateral on the platform.The move comes as the demand for DAI and other stablecoins has cooled amid the recent crypto market retracement, with Maker hoping to drive up demand for DAI minting through the reduction in fees.⚠️Maker Protocol Changes ⚠️ (1/5)ETH-A S
Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
During May, the wealth management platform YIELD App, saw net deposits of Tether (USDT) increase 15.5%, while net deposits of USD Coin (USDC) more than doubled, increasing 155.5%, compared to April. The post Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed appeared first on CryptoSlate.
Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
During May, the wealth management platform YIELD App, saw net deposits of Tether (USDT) increase 15.5%, while net deposits of USD Coin (USDC) more than doubled, increasing 155.5%, compared to April. The post Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed appeared first on CryptoSlate.
Coinsilium Group Limited’s Nifty Labs Starts RSK-Powered NFT on Bitcoin Marketplace Development
Coinsilium Group Limited is an open and crypto finance venture builder that creates and implements services and products based on blockchain technology. It was the very first blockchain organization that went public back in 2015. Over time it has invested in the leading and popular blockchain projects such as Blox, Indorse, and RSK/IOV Labs byRead More
MakerDAO Governance Votes to Include Real-World Assets
A governance poll has been launched on the MakerDAO decentralized lending platform regarding the inclusion of different types of collateral beyond the realms of crypto. The post MakerDAO Governance Votes to Include Real-World Assets appeared first on BeInCrypto.
Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio
Looking to build a diversified crypto portfolio? DeFi, stablecoins and oracles are three cornerstone sectors to consider. Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market.The concept of multi-sector investing has long been advocated in traditional finance a
Analyst says DeFi and stablecoins held up well as crypto markets imploded
DeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption. The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices. Despite rapidly declining token prices, the nascent DeFi sector hel
Daily Cryptocurrency Exchange Trade Volume Taps All-Time High, Stablecoin Swaps Dominate
According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been high, as reported volume from crypto market aggregators shows over $300 billion in 24-hour volume. Meanwhile, stablecoins capture 50% of Monday’s global trade volume with […]
Decentralized Stablecoin DAI Goes Live on RSK Blockchain as rDAI
The most popular decentralized stablecoin Dai (DAI) is now live on RSK network. An Alternative to Escaping High Ethereum Fees Since the famed DeFi “summer of 2020” a major pain point on the Ethereum network has hindered small and retail investors from enjoying the benefits of DeFi – the exorbitant transaction fees. The high transactionRead More
MakerDAO Offers MKR Fund Returns to Bolster Decentralization
In its ongoing effort to become more decentralized, lending platform MakerDAO has returned a large sum of funds from the developer fund back to the DAO. The post MakerDAO Offers MKR Fund Returns to Bolster Decentralization appeared first on BeInCrypto.
Glassnode predicts BTC rally as stablecoin supply tags record highs
Tether, USD Coin, Binance USD, and DAI are now worth more than $78 billion combined. The circulating supply of the four-largest stablecoins has spiked to new all-time highs, suggesting buyers could soon spark another leg up for the Bitcoin and crypto markets.The combined capitalization of Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) has surged almost 190% from $27 billion to almost $78 billion since the beginning of this year.In its May 3 Week on Chain r
MakerDAO moves to expand collateral assets and upgrade liquidation engine
The new liquidation engine has been designed to offer Maker’s users greater predictability and security. Decentralized lending and stablecoin protocol MakerDAO has opened governance voting to allow new tokens as collateral.A number of new collateral types have been proposed for MakerDAO, potentially increasing the number of digital assets that can now be used to mint its stablecoin, DAI. Voting began on April 19 and will run for fourteen days.Seven tokens have been suggeste
MakerDAO Governance Votes on Liquidation System Upgrade
In an April 19 blog post, MakerDAO announced that the liquidations 2.0 upgrade executive vote had gone live. The upgrade, if passed, will implement Maker Improvement Proposal 45 (MIP45). The implementation would redesign the current system of liquidations on the network. The team stated that the upgrade represents a year’s worth of work and a … Continued The post MakerDAO Governance Votes on Liquidation System Upgrade appeared first on BeInCrypto.
Shift toward full decentralization pushes Maker (MKR) price above $4K
Maker price rallies to a new all-time high as the MakerDAO community makes preparations to become fully decentralized. Stablecoins have become a significant foundational piece for the cryptocurrency sector because they serve as a deeply liquid base pair for most assets and also offer investors a secure place to capture gains. Data also shows that stablecoins play a significant role in functioning as a gateway for capital inflow to the crypto ecosystem.While the largest stable
VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg
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 firms. Fei Protocol Market Price Drops […]
DeFi Major Aave (AAVE) to Build on Polygon’s Scalable Layer 2 Platform
The decentralized lending platform built on the Ethereum blockchain, Aave says that it will scale its DeFi platform beyond its blockchain by joining several sidechains, including Polygon. Aave Addresses Transaction Fees Block space supply today is scarce and limited, leading to the massive expansion of assets on the Ethereum blockchain. Since the “DeFi Summer” ofRead More