Auto Added by WPeMatico
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 […]
The post Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan appeared first on Bitcoin News.
Powered by WPeMatico
On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps). The […]
The post Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI appeared first on Bitcoin News.
Powered by WPeMatico
2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the […]
The post Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B appeared first on Bitcoin News.
Powered by WPeMatico
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged stablecoins have seen demand, the longstanding tether is still capturing most of the […]
The post $16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July appeared first on Bitcoin News.
Powered by WPeMatico
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi Collateral Loans as ‘Black […]
The post ‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation appeared first on Bitcoin News.
Powered by WPeMatico
Since tether (USDT) bolstered the idea of a working stablecoin over the last few years, there’s been a variety of different types of stable cryptocurrencies that are usually pegged to the U.S. dollar. However, there’s one particular stablecoin that’s been a hot topic of discussion lately called dai, a coin that’s backed by ethereum locked […]
The post An In-Depth Look at Ethereum’s Maker and Dai Stablecoin appeared first on Bitcoin News.
Powered by WPeMatico