MakerDAO Governance Approves USDC Stablecoin as Collateral
The MakerDAO governance has approved stablecoin USDC as the third collateral type accepted in the Maker Protocol Go to Source Powered by WPeMatico
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The MakerDAO governance has approved stablecoin USDC as the third collateral type accepted in the Maker Protocol Go to Source Powered by WPeMatico
A crypto project you probably haven’t heard of just crossed a major milestone Go to Source Powered by WPeMatico
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, the auction might not be enough and the … Read more
As DeFi continues to evolve, billionaire Tim Draper seizes the opportunity and backs a new DAO Go to Source Powered by WPeMatico
Digital asset security platform Fireblocks has partnered with Compound to be a branch for institutional players to put assets on the network Go to Source Powered by WPeMatico
DeFi giant MakerDAO is considering USDC as collateral support to fight its liquidity risk Go to Source Powered by WPeMatico
Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens pegged to the U.S. dollar like USDC, … Read more
Check the bad crypto news of the past week. Go to Source Powered by WPeMatico
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s undercollateralizition was also blamed on price oracle discrepancies. Also read: The 35 Most Influential … Read more
Cracks in the MakerDAO system exposed vulnerabilities in DeFi. How will the ecosystem recover? Go to Source Powered by WPeMatico