BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
Critics of Sun’s involvement don’t understand the operational mechanics, the crypto custodian’s CEO, Mike Belshe, said during an X Space discussion.
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Critics of Sun’s involvement don’t understand the operational mechanics, the crypto custodian’s CEO, Mike Belshe, said during an X Space discussion.
MakerDAO’s competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space.
The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.
The three-day conference (May 29-31) features a host of big-name speakers from the realm of blockchain tech, including Sergey Nazarov, Casey Rodarmor, Joe Lubin, Emin Gün Sirer and Rune Christensen. Here is a preview of everything on offer.
Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is nearing its highest price since last May, buoyed by rising protocol profits and large investors accumulating the token.
Some community members have already pushed back against the idea.
The rally occurred amid improving fundamentals of Maker, as the protocol has returned to make profits, Messari analyst Kunal Goel said.
DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.