MakerDAO Fundamentals Could Boost Maker (MKR) After DeFi Correction
It’s been a tough past few weeks for all leading decentralized finance coins. While Maker (MKR) — the native token of the MakerDAO protocol — has been an outperformer, the coin is down 35% from its recent highs, set just a few weeks ago. This means that the Ethereum-based coin is underperforming Ethereum, which has […]
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The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order to sway a Makerdao governance vote. The development team behind the Maker project aims to make it harder for problems like defi flash loans going forward. Since the project’s inception, Makerdao, often referred to as Maker, has been a defi project that has seen a lot of demand. The Maker project is responsible for creating one of the first decentralized....
Top decentralized finance (DeFi) coins have undergone a severe correction over the past day. Leading names such as MakerDAO’s Maker (MKR), Aave’s AAVE, Yearn.finance’s YFI, amongst others, are down 10 percent in the past day. Bitcoin, by comparison, is only down by approximately 2% in the past day, having fallen from the low-$19,000s to $18,800 […]
The Maker Protocol could extend yet another arm into the traditional finance space if a proposed integration with a Pennsylvania-based bank passes this week. MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using decentralized finance (DeFi).Currently 83% of voters are in favor of the proposal. Voting ends at 12pm ET on July 7.The proposal involves creating a vault with 100 million Dai (DAI) for Huntingdon Valley Bank (HVB) as part of a new collateral type in the Maker Protocol.This....
The class-action alleged the Maker Foundation and others knowingly misrepresented the risks of investment in MakerDAO.
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs “to take the next step and begin integrating with the real world at scale.”
Makerdao Community Proposal Discusses Integrating Real World Assets Into the CDP Equation
A software engineer from the Makerdao team has....