Finance Redefined: Alchemix rugpull remuneration, and Aave v. 2.5! June 16-23
The first-ever “reverse rug” has a surprising compensation plan, and the largest protocol in DeFi ponders growth. After close to a month of consulting with industry experts and journalists within Cointelegraph and without, we’re proud to unveil a new segment for Finance Redefined, a.k.a. the premier DeFi industry newsletter: on-chain analysis. Reporters will often look to public records to bolster stories, and the blockchain is no different. Everything from analyzing the wa
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
MakerDAO (MKR) Conducts Poll to Onboard Real World-Assets
The MakerDAO team is conducting a governance poll aimed at enabling members of its community to vote in favor of or against the addition of some real-world assets, including the ConsolFreight DROP Token (CF-DROP). The poll is live now and it’s scheduled to run until June 10, 2021, according to a blog post on JuneRead 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.
Protocols built on protocols: moving higher up the DeFi stack
Quick Take The most popular DeFi protocols to date have offered the “simplest” financial primitives. E.g. a stable medium-of-exchange, lending, trading. Many ideas on Ethereum have been ported over to other chains — arguably improved by higher scalability — but often there’s been little innovation in protocol mechanics. New protocols building on existing infrastructure components is where the more interesting innovation in DeFi is happening.
How DeFi reacts to market volatility: liquidation performance and valuation reflexivity
Quick Take During the period starting from May 12th, many DeFi tokens dropped 70%+ in prices. The Block’s DeFi index dropped from 914% to 416% in 1-year performance. Unlike in March 2020, when there was a similar drop in prices, many of the largest DeFi protocols performed better thanks to increased liquidity and scalability. DeFi protocols have highly reflexive valuations — i.e. P/S ratios and other metrics can look better when prices are increasing — because the primary use case is speculatio
MakerDAO Unveils Scaling and Multi-Chain Strategy Roadmap
The largest decentralized finance’s (DeFi) protocol, MakerDAO, has revealed its scaling strategies for moving forwards in a multi-chain environment. The post MakerDAO Unveils Scaling and Multi-Chain Strategy Roadmap appeared first on BeInCrypto.
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
Bitcoin bounces after weeklong ‘capitulation event’ results in $14.2B in losses
Bitcoin price briefly tops $40,000 and Ether climbs above $2,600 as traders gain their composure following last week's "historic deleveraging event." Crypto traders were greeted by green markets on May 24 as the majority of altcoins saw their prices bounce back following last week's downturn that was the “largest deleveraging event since the March 2020 sell-off,” according to an on-chain report from Glassnode. After suffering the biggest monthly price drop in Bitcoin (BTC) hi
Total crypto market cap gains $400B as DeFi tokens lead the recovery
Bitcoin’s move back to $38,000 triggered strong relief rallies in DeFi tokens and a handful of altcoins. Altcoins and DeFi sprang back to life on May 24 after a handful of decentralized finance tokens saw their prices increase by more than 60% as Bitcoin bulls pushed BTC price to the $38,000 level. Some analysts are describing the move as a 'dead cat bounce' but despite those concerns, the bounce in prices seen across the market is likely a welcome sight for cryptocurrency i
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.
Range-bound Bitcoin price opens the door for altcoins to move higher
Bitcoin remains pinned below $58,000 while Ethereum price soars to new highs and the number of ETH held on centralized exchanges falls. Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new 'altcoin season' has commenced. Meanwhile, Bitcoin (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level. Data from Co
DeFi resurgence lifts Maker, Aave and Compound price to new highs
As Ethereum rallied to new highs, the total value locked in multiple DeFi platforms surged above $10 billion, lifting MKR, AAVE and COMP toward new all-time highs. Analyzing the activity on lending platforms can sometimes be used as a barometer for measuring the sentiment of the cryptocurrency market as a higher number of collateral-backed loans may signal that traders are eager to trade a rising market. The month of April saw the total value locked on Maker (MKR), Aave (AAV
MakerDAO April Financial Report: Net Income Crosses $12 Million
Decentralized finance giant, MakerDAO, has released its financial report for April 2021, and the various statistics show strong performance. The post MakerDAO April Financial Report: Net Income Crosses $12 Million appeared first on BeInCrypto.
Ethereum DeFi Lending Platforms Print Record High of $25,000,000,000 in Total Value Locked
Market analytics toolkit Messari is reporting that the top Ethereum-based decentralized lending platforms have hit a massive milestone in the first quarter of 2021. Messari revealed the news in a tweet this week, highlighting the progress made by decentralized finance (DeFi) platforms Aave, Compound (COMP) and MakerDAO (MKR). “The lending sector went parabolic during the […] The post Ethereum DeFi Lending Platforms Print Record High of $25,000,000,000 in Total Value Locked appeared first on The
Altcoins rally as analyst warns Bitcoin is in the '$50K – $60K twilight zone'
Ether, MKR and SOL rally to new all-time highs, while Bitcoin's price is stuck in what one analyst says is a range dominated by bots. Bitcoin (BTC) price is still stuck in what traders hope will be a short-term downtrend as the impact of the April 18 rumors of a crackdown on “unnamed financial institutions” for facilitating money laundering using cryptocurrencies have yet to be shaken off. Data from Cointelegraph Markets and TradingView shows that since being pummeled below t
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 Activation of the Liquidations System 2.0 Upgrade
DeFi lending and stablecoin protocol MarkerDAO has revealed that its liquidations 2.0 upgrade executive vote is now live. The upgrade to the platform’s liquidations system, if ratified, should improve system efficiency and help safeguard Dai’s stability. As per MarkerDao’s official blog post published on April 19, the proposal will implement Maker Improvement Proposal 45 (MIP45)Read More
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.