DeFi’s most important company, MakerDAO, narrowly avoids the hangman’s noose, carries out debt auctions to set things right. The crypto industry is young, and in emerging tech, a handful of companies often lead the charge. For those holding equity in these companies, this is generally considered something to be encouraged. For everyone else, it is […]
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MKR token holders now have total control over the smart contract underpinning the MakerDAO protocol. The Maker Foundation has handed governance over the smart contract that underpins the MakerDAO (MKR) protocol to MKR token holders. Describing the move as the project’s “most significant step” toward decentralized governance, the foundation announced that a three month long […]
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Uniswap announced the planned release of the second major version of the platform, which will feature a better price feed oracle while introducing a variant of the flash loan. The Uniswap decentralized exchange announced on March 23 a planned release of its second major version, Uniswap V2. Among the major features, the new platform will […]
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The auction to recapitalize MakerDAO is almost over as the Black Thursday crisis comes to an end, though complex governance issues remain unsolved. The MakerDAO (MKR) auction to recover DAI collateral debt is almost complete, though the procedure suffered some technical setbacks. The community largely remains optimistic about Maker’s handling of the situation, as many […]
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As the inaugural MakerDAO debt auction comes to an end, $4.3 million in under-collateralized Dai will be burned, and bidders in the second phase bagged the biggest deals. As the first MakerDAO debt auction draws to a close, March 23, a total of $4.3 million worth of undercollateralized Dai (DAI) has been bid across both […]
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The Maker Foundation has rejected accusations that it has participated in its own recent debt auctions. MakerDAO (MKR) has denied accusations that the Maker Foundation placed the winning bids in all of its recent debt auctions. In a statement shared with Cointelegraph, the Maker Foundation states that it “is not purchasing MKR in the auctions.” […]
Continue ReadingBidders in the first MakerDAO debt auction have already committed $2 million of Dai in return for freshly minted MKR tokens. Bidders have already committed to buying Maker (MKR) tokens for a total of $2 million in Dai (DAI) as the first phase of the MakerDAO debt auction reaches its final stages. The majority of […]
Continue ReadingThe first MakerDAO debt auction is underway, and is expected to last anywhere between six and 72 hours. MakerDAO hopes to fill the multi-million dollar gap in the collateral backing its DAI stablecoin following last week’s Ethereum market volatility, as Cointelegraph reported. Today the organization successfully launched its first debt auction to that end. The […]
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Unconventional analysis of two major decentralized finance projects, based on Ethereum and EOS, which recently went through the same storm. On March 11 at 4:56 p.m. UTC, Tedros Adhanom Ghebreyesus, the director of the World Health Organization, stated that COVID-19 can be characterized as a pandemic. Industry experts consider the global uncertainty around this respiratory […]
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The upcoming MakerDAO auction is set to cover the protocol’s losses during the March 12 Ethereum price crash, with its success being critical for the stability of DeFi. The MakerDAO (MKR) community has locked in an auction to cover a multi-million dollar hole in DAI collateral after the sudden Ethereum (ETH) price crash on March […]
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