MakerDAO voting on collaborating with a traditional bank
The Maker Protocol could extend yet another arm into the traditional finance space if a proposed integration with a Pennsylvania-based bank passes this week. Go to Source Powered by WPeMatico
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Celsius pays down 143M in DAI loans since July 1
The crypto lender’s liquidation price on its Bitcoin loan has dropped to less than $5,000, according to DeFi industry data. Go to Source Powered by WPeMatico
Biggest Movers: MKR up 20% to Start the Week, Whilst AVAX Rebound Continues
MKR was up by nearly 20% to start the week, as prices continued to move away from recent lows. AVAX was also in the green, as it climbed by over 10% on Monday, after hitting a ten-month low during the weekend. Maker (MKR) MKR was a notable mover to start the week, as prices climbed … Read more
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency have been swirling. On June 12, around … Read more
DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked (TVL). Makerdao’s DAI Regains the Top Decentralized Stablecoin Position This month, it’s quite … Read more
MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security
MakerDAO returned to prominence after Terra’s UST collapse forced investors to search for a truly “stable” dollar pegged asset. Go to Source Powered by WPeMatico
Top 5 cryptocurrencies to watch this week: BTC, MANA, MKR, ZEC, KCS
Bitcoin could eventually attempt a relief rally which might trigger a rebound in MANA, MKR, ZEC and KCS price. Go to Source Powered by WPeMatico
Here are 3 ways hodlers can profit during bull and bear markets
The bull market may be over, but that doesn’t mean traders have to stop investing. Here are a few ways to invest in crypto even during a bear market. Go to Source Powered by WPeMatico
Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs … Read more
MakerDAO community proposal to replace MKR governance token
The proposal introduces a new stkMKR token which will act as a bonding asset for MKR staked in governance proposals. Go to Source Powered by WPeMatico
