Tagged: maker

DeFi Lending Protocol MakerDAO Announces Approval of Maker Constitution

MakerDAO, which claims to be the longest-standing DeFi lending protocol and creator of DAI, the original, “decentralized” stablecoin, has announced the approval of the Maker Constitution. Succeeding in a Governance Poll on the MakerDAO forum, The Maker Constitution will gradually “change the operations of MakerDAO,… Read More

BlockTower Credit, MakerDAO to Fund $220M of Real-World Assets via Centrifuge

The team at Centrifuge is pleased to close the year with the official launch of a $220 million fund with their partners BlockTower Credit and MakerDAO. The executive vote passed on Sunday, December 11, and Maker will “deploy four vaults to fund investments in real-world… Read More

MakerDAO Introduces Maker Teleport, Enabling Near-Instant Movement of DAI Across Chains

MakerDAO, which claims to the “longest-standing” decentralized finance (DeFi) lending protocol and creator of DAI, the original, decentralized stablecoin, announces the launch of Maker Teleport, a multichain infrastructure for teleporting DAI across different blockchain networks. Maker Teleport is now “available on the smart contract chains… Read More

CoinList Pro Adds Trading Support for Origin (OGN), Chainlink (LINK), Maker (MKR), Uniswap (UNI)

Digital asset platform CoinList says that its mission is to promote the advancement and adoption of crypto-assets. CoinList writes in a blog post that they have been working with some of the leading initiatives to help with powering their digital token sales, while also connecting… Read More

Crypto Bug Bounty Platform Immunefi Forms Security Core Unit, a Contracted Team in Maker Ecosystem

Immunefi, the cryptocurrency bug bounty and security services platform that protects more than $25 billion in users’ funds, is establishing the Immunefi Security Core Unit (CU), which is a contracted team within the Maker ecosystem. According to a release shared with CI, the team will… Read More

Recent Bitcoin, Ethereum, Wider Crypto Market Crash Was “Big Test” for Nascent Stablecoin Market: Report

The cryptocurrency market has really been tested during the past few weeks following “a cascade of negative news,” the Coin Metrics team notes in its latest report. The resulting crypto market price crash has also been “a big test” for stablecoins, which are becoming a… Read More

Ethereum Not Just a Digital Currency, It’s a Financial Ecosystem Generating $29.3M in Fees Every 24Hrs, 8x More than BTC: Report

James Wang, an experienced crypto analyst who says that Ethereum (ETH) could be the “last investment of your life,” points out that the world’s largest smart contract platform isn’t merely a cryptocurrency. Wang explains that Ethereum is a complete software platform with a rapidly increasing… Read More

DeFi Protocol Maker Upgrades its Liquidations System so that it Can Handle Emergencies like Historic March 12, 2020 Market Crash

The Liquidations System of the Maker Protocol, which supports a leading Ethereum (ETH) based lending system, is a key element that has been developed to ensure that the stablecoin Dai generated in Maker Vaults “remains adequately collateralized.” The Maker Protocol is central or key to… Read More

Top Ethereum Projects by Developer Activity: Augur (REP), Band Protocol (BAND), Gnosis (GNO), Maker (MKR), Status (SNT), New Report Reveals

Santiment, which offers on-chain, social and curated information on over 900 cryptocurrencies, notes that, quite often, development activity is an “underrated” indicator of the success of a blockchain or digital asset project. Santiment believes that developer activity for crypto-related initiatives proves or shows the month-to-month… Read More

Coinbase Adds Maker (MKR) Governance Token, Will Support MKR-BTC, MKR-USD Trading, but No ETH

San Francisco-based crypto exchange Coinbase has confirmed that on June 8, 2020, it will begin taking inbound transfers of Maker (MKR) to Coinbase Pro, the platform for professional digital asset traders. The exchange operator said that users may start trading MKR via Coinbase “on or… Read More

Decentralized Finance: Researchers at Paradigm Publish Whitepaper Describing Fixed-Interest Rate DeFi Protocol

A researcher from digital asset investment company, Paradigm, has co-published a whitepaper that describes a new type of decentralized finance (DeFi) lending protocol, which promises fixed-interest rates. Dan Robinson and Allan Niemberg, the authors of the Yield Protocol whitepaper, officially announced the initiative on May… Read More

Maker (MKR) Governance Token Holders Approve Adding Wrapped Bitcoin (BTC) as Acceptable Collateral Type for MakerDAO

Maker (MKR) governance token holders have decided (through community voting) to approve a proposal which recommends adding Wrapped Bitcoin (WBTC), an Ethereum-based token backed 1-to-1 by Bitcoin (BTC), as the decentralized finance (DeFi) protocol’s (MakerDAO) newest collateral type. WBTC is an ERC-20 compliant token that… Read More

MakerDAO Recommends Safety Measures to Prevent Debt Crisis Created Following Last Month’s Historic Cryptocurrency Market Crash

MakerDAO (MKR), a leading Ethereum (ETH)-based lending protocol, has released a new report that tries to put the events of “Black Thursday” (when the Bitcoin and larger crypto market crashed over 50% between March 12-13, 2020) into context. MakerDAO’s report notes that there are certain… Read More

Decentralized Finance Platform dForce Secures $1.5 Million in Capital from Multicoin Capital, Huobi, China Merchants Bank International

dForce, a Chinese decentralized finance (DeFi) solution provider, has secured $1.5 million in capital. The DeFi platform’s latest round was led by Multicoin Capital. Huobi Capital and China Merchants Bank International (CMBI), the investment division of one of the largest financial institutions in China, also… Read More

Paradigm Is Biggest Winner of MakerDAO Lending System’s MKR Governance Tokens, to Cover $4.5 Million of Undercollaterized Debt

San Francisco-based Paradigm, a digital asset investment firm, is reportedly the biggest winner of several MKR governance token auctions which were meant to cover about $4.5 million of undercollateralized debt. The auctions, which took place between March 19 and March 28, 2020, managed to raise… Read More

Maker Foundation, which Supports Ethereum-based DeFi Platform MakerDAO, Appears to be Winning All Auctions of MKR Governance Tokens

MakerDAO, a leading Ethereum (ETH)-based decentralized finance (DeFi) platform, is currently in the process of carrying out an auction of MKR governance tokens in exchange for stablecoin Dai, in an attempt to cover around $4.5 million undercollateralized debt. On-chain (blockchain) data reveals that the Maker… Read More

DeFi: Decentralized Finance Lending Protocol MakerDAO Might Add Stablecoin USDC as Collateral to Address Dai Liquidity Problem

The MakerDAO community is reportedly considering the possibility of adding the USDC stablecoin as an additional type of collateral in order to provide more Dai (another major stablecoin) liquidity into the decentralized finance (DeFi) platform. MakerDAO (where DAO stands for distributed autonomous organization) is an… Read More

DeFi: Leading Ethereum-based Decentralized Finance Credit Facility, MakerDAO, is Planning to Conduct MKR Governance Token Auction

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MakerDAO, a leading Ethereum (ETH)-powered decentralized finance (DeFi) credit facility, is reportedly planning to conduct a MKR governance token auction within two days from now. This marks the first time that this type of event will take place in Maker’s history. The MKR auction, called… Read More

UK-based Argent, a Digital Asset Wallet Provider, Secures $12 Million in Funding via Series A Round

London-headquartered Argent, a digital asset wallet provider that integrates the services of several decentralized finance (DeFi) platforms, including Maker and Compound, has secured $12 million through a Series A investment round. Argent’s funding round was led by San Francisco-based Paradigm, a leading crypto asset investment… Read More

Leading DeFi Platform MakerDAO Partners Digital Payment Processor Simplex to Develop Fiat On-Ramp for Maker’s Dai Stablecoin

MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

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