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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
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
For the first time, MKR tokens will be minted and auctioned for DAI to repay outstanding debts that failed as a result of the recent crypto market meltdown Go to Source Powered by WPeMatico
DeFi giant MakerDAO struggles to keep up with tanking Ether price, but developers are avoiding shutdown for now Go to Source Powered by WPeMatico
London-based smart wallet startup Argent has raised $12 million in a Series A led by Sequoia Capital-backed fund, Paradigm Go to Source Powered by WPeMatico
Algorithms are at the heart of 21st century life, invisibly controlling many of the systems we use and take for granted on a daily basis. Pervasive algorithms determine the entertainment we consume (Netflix, Spotify), the information we read (Google), and the chatter we hear (Facebook, Twitter). It’s no different in crypto, where complex and ever-evolving … Read more
The Baseline protocol has seen an invite-only launch among select entities, and will be released publicly this month Go to Source Powered by WPeMatico
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, as … Read more
Maker Foundation Sells $27.5 million MKR to Dragonfly Capital and Paradigm, driving DeFi adoption in Asia Go to Source Powered by WPeMatico
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring to stablecoins. Also read: Regulatory Roundup – … Read more
