The maker (MKR) token dropped 26% in value within a week following the news of an emergency proposal to address the DeFi protocol’s $3.1 billion USDC exposure, raising concerns among…
Andrey Shevchenko — the founder of decentralized finance (DeFi) protocol Zircon Finance — shared his view that MakerDAO’s (MKR) so-called “decentralized stablecoin” DAI’s (DAI) introduction of USD Coin (USDC) as…
MakerDAO is insulating itself from the vulnerability to risk associated with stablecoins according to the firm’s new proposal.
It is a reaction to the recent depegging of USDC, which has…
Stablecoin DAI is considering increasing the amount of money it invests in United States Treasury bonds from the current allocation of $500 million to a potential total of $1.25 billion.…
MakerDAO is considering investing $750 million in US Treasury bonds to take advantage of the current yield environment, with the proposal expected to increase the ceiling to $1.25 billion.
If approved,…
Maker (MKR) prices are up by almost 20% in the last seven days. The upward trend is attributed to recent poll results announced by Maker that contain a new pricing…