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Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan

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The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order to sway a Makerdao governance vote. The development team behind the Maker project aims to make it … Read more

Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues

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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