MakerDAO

In a move to bolster the usage and adoption of its decentralized finance (DeFi) lending platform, MakerDAO is undergoing a significant rebranding. The lending protocol, founded by Rune Christensen in 2014, will now be known as ‘Sky’, a shift aimed at appealing to a wider user base. MakerDAO Reinvents Itself As ‘Sky’ MakerDAO was one of the earliest applications in the DeFi space, allowing users to trade, lend, and borrow digital assets directly without traditional financial intermediaries.  As Bloomberg reports,…

This week's crypto developments include Donald Trump launching a new DeFi platform while MakerDAO introduces new tokens as part of its governance strategy. Bitcoin shows signs of potential price growth, and the SEC continues scrutinizing cryptocurrency-related ETFs and DAOs.  Additionally, a high-profile phishing attack highlights ongoing security concerns within the Web3 ecosystem. Let’s find out more.  Bitcoin Mt. Gox creditors aren’t selling their Bitcoin, and the Spot Bitcoin ETFs continue to buy for the institutions. Technical indicators are signaling a…

MakerDAO has introduced NewStable (NST) and NewGovToken (NGT) to enhance user participation in governance and ensure regulatory compliance as part of its strategic endgame plan. Token Swap and Governance Structure On August 22, MakerDAO announced the introduction of enhanced versions of its key digital assets: the DAI stablecoin and the MKR governance token. The new assets, named NewStable (NST) and NewGovToken (NGT), aim to improve user engagement and governance within the MakerDAO ecosystem. In the newly proposed framework, MKR tokens…

To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale’s product suite allows investors to gain exposure to MKR, the utility and governance token underpinning the Ethereum-based MakerDAO ecosystem. Grayscale Expands Crypto Portfolio MakerDAO is an autonomous organization operating a decentralized finance (DeFi) protocol, providing users access to a permissionless, open stablecoin system and various other on-chain financial services.  According to Tuesday’s announcement…

The post MakerDAO Wallets Continue Strategic Sales of $MKR on Binance appeared first on Coinpedia Fintech News MakerDAO’s community has seen substantial $MKR token movements recently. Recent Deposits: 5,750 $MKR ($16.76M) deposited to Binance in the last three days. Ongoing Sales: Since April 24, 18,900 $MKR ($53.83M) sold at an average price of $2,848. Current Holdings: 8,905 $MKR ($26M) still held by these wallets. This suggests a calculated strategy for liquidating their holdings while maintaining a substantial reserve.

The post MakerDAO to Invest $1 Billion in Tokenized U.S. Treasuries appeared first on Coinpedia Fintech News MakerDao made a big announcement during ETHCC. MakerDAO is the protocol behind this $5 billion stablecoin DAI, which has announced a major shift in its reserve strategy. The platform plans to invest $1 billion of its reserves in tokenized US Treasury products. This move aims to take advantage of the US Treasuries stability and combine it with DeFi. Interest from Top Players in…

MakerDAO’s Spark announced a $1 billion Tokenization Grand Prix to boost real-world asset onboarding. MakerDAO’s quarterly revenue hit an all-time high, surpassing $85 million, fueling investor confidence. Maker (MKR) has seen a significant boost in value in the middle of a volatile cryptocurrency market, gaining third place on the list of major cryptocurrency top gainers. At the time of writing, MKR was trading around $2,396.89, up 5.51% over the last 24 hours. Its current market cap surpasses $2.2 billion. The…

In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent changes. Over the past few weeks, MakerDAO has implemented significant updates to the protocol and the DAI stablecoin.  Introducing the Accelerated Proposal and the direct deposit module (D3M) to Spark’s Metamorpho Vault has notably impacted the ecosystem. Increased DAI Supply And Demand Looking at key metrics…

Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation aims to improve risk management and maximize user incentives in the DeFi landscape. MakerDAO Sets Maximum 600 Million DAI Allocation The Spark DAI Vault, launched in 2023 as a lending platform, experienced strong demand soon after its launch, according to MakerDAO’s announcement on the protocol’s governance forum.  Given the desire…