DAI
MakerDAO Implements Emergency Measures Amid Market Volatility
MakerDAO approves an Executive Vote for crucial changes in response to market conditions, aimed at stabilizing the DAI peg and enhancing the protocol's resilience.
Shiba Inu Shibarium Introduces Wrapped BONE and Hosted Blockscout Explorer
Shibarium has 1 million wallets and near 1 million transactions. It launched a hosted Blockscout explorer and expanded its token bridge to include various tokens. The Wrapped BONE contract has been verified, and Shibarium plans to renounce the Bone contract.
MakerDAO Keeps USDC as Primary Collateral for Dai
MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.
Depegging of USDC and DAI Saves Borrowers $100 Million
The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days.
Russian Crypto Startup InDeFi to Launch Ruble Stablecoin following DAI Model
The new stablecoin project has no connection with the Bank of Russia’s digital ruble. The stablecoin will be pegged to ruble fiat currency.
MakerDAO Intends to Depeg DAI from USDC
Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider de-pegging its native token DAI from stablecoin USD Coin (USDC).
Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation
Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country.
Celsius Repays Compound Finance $10m Worth of DAI
Crypto lender Celsius Network has repaid interest-yielding DeFi service Compound Finance with $10 million worth of the DAI algorithmic stablecoin, according to a report from Crypto Briefing.
Maker Hits a New All-Time High Close to the $5,000 Mark
Maker has grown nearly eight-fold since the beginning of this year. It hit a record high of $4,995 today, breaking the $4,500 mark in one clean swoop.
Maker’s Dai Stablecoin Could Reach $2 Billion in Market Cap by the End of 2021—Here’s Why
Messari boldly suggests that after Dai’s market cap surged by 15x this year, due to DeFi, the stablecoin’s market cap could double by the end of next year
