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A cryptocurrency trader lost $1.13 million in 50 days, capitulating from his MakerDAO (MKR) position after the Sky announcement. MakerDAO … Continue reading
The post Crypto trader turns nearly $3M into less than $2M in 50 days appeared first on Finbold.
MakerDAO co-founder Rune Christensen said the feature won’t be live when the USDS token goes live and the old DAI token will remain in circulation unchanged.
Crypto lending platform MakerDAO, the protocol behind the DAI stablecoin, will allow MKR holders to convert their tokens to NewGovToken (NGT) tokens at a ratio of 1:24,000.
The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
The exchange expanded its services in Canada earlier this week.
The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.
Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH).
Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.