MakerDAO is considering USDC as collateral support to improve liquidity and the tech team has already started preparing the technical transition regardless an executive vote. MakerDAO, leading player in the decentralized finance sector, is facing liquidity risk in an uncertain market. The MakerDAO community is considering adding support for USDC, the cryptocurrency associated with Circle, […]
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Maker’s loss of more than $5 million over a technical issue raises questions on the stability of the DeFi ecosystem, as a string of attacks threatens Ethereum. Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series […]
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The crypto market collapse has triggered system-wide MakerDAO loan failures, sparking an upcoming community vote and the project’s first-ever Debt Auction. MakerDAO, a leading firm in the burgeoning sector of decentralized finance (DeFI) built on the Ethereum (ETH) network, has hastily called for a community vote on March 13 ahead of the project’s first-ever Debt […]
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The collapse in Ether’s price could lead to an emergency shutdown for DeFi leader MakerDAO, though it’s a contingency that developers are eager to avoid. As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the Ethereum network, is looking at responses including a shutdown — though that possibility remains […]
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Tether is making further inroads into decentralized finance by joining forces with Aave, formerly ETHLend, to let its users borrow and lend stablecoin Tether. Tether (USDT) is now available on Aave, a non-custodial lending platform formerly known as ETHLend. The top stablecoin by market capitalization appears to be signaling its move into Ethereum (ETH) decentralized […]
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Most top performers of the past week are struggling to hold onto their intra-week gains. This shows selling at higher levels. The total crypto market capitalization has dropped from about $263 billion on March 7 to under $244 billion at press time. This shows a lack of demand at higher levels. The failure to resume […]
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Major decentralized finance player MakerDAO has partnered with payment processor Simplex to create a fiat on-ramp for its Dai decentralized stablecoin. Major decentralized finance (DeFi) player MakerDAO (MKR) partnered with payment processor Simplex to create a fiat on-ramp for its Dai (DAI) decentralized stablecoin. According to an announcement on Mar. 3, the partnership makes it […]
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Polkadot has progressed through the initial stage of integrating Chainlink oracles, which signals a systematic approach of porting Ethereum infrastructure. Polkadot is gearing up for its upcoming network launch as it revealed an integration with Chainlink (LINK) on Feb. 25. The integration of Chainlink oracles may be crucial for the development of Polkadot decentralized finance […]
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Celsius Network released its quarterly report where it reveals its growth in most reference metrics, having more than doubled the interest paid to users. Celsius Network reports to have more than doubled its interest payments in the three months since its last disclosure. This is one more signal of the continuous growth of the crypto […]
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The top performers of this week are a mixed bag as many altcoins are overbought but traders will be keeping an eye out for those that appear to be picking up momentum. After numerous big companies exited Facebook’s Libra project and several regulators voiced their concerns, news about the project had taken a back seat. […]
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