Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale
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....
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French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept.
Societe Generale Proposes Leveraging Makerdao and DAI Stablecoins to Refinance Bond Token
The international bank Societe Generale’s digital currency division has submitted a proposal on Makerdao’s....
On April 22, MakerDAO, known as the DeFi world’s ‘central bank’, in partnership with the financial supply chain project Centrifuge, completed the first real-world asset loan in DeFi (decentralized finance). Centrifuge helped New Silver, a loan pool to set up a real estate repayment and transfer loan pool in its Centrifuge Tinlake protocol. They have […]
Rune Christensen believes MakerDAO’s collateral should be mobilized to capital into sustainable investments. MakerDAO founder Rune Christensen has published an essay outlining measures that could be taken to make the protocol a vehicle for addressing climate change.In a lengthy Oct. 5 post published to the MakerDAO governance forum, Christensen asserts that MakerDAO should strive to ensure that all of its collateral comprises “sustainable and climate-aligned assets that consider the long-term impacts of financial activity on the environment.”Christensen asserts that the protocol’s....
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 decentralized finance (defi) project Makerdao has announced its plans to support the zero-knowledge (ZK) rollup solution Starknet in order to make DAI transactions faster and network costs cheaper. Starknet will be integrated into the defi protocol on April 28, 2022, as part of Makerdao’s multichain strategy expansion. Makerdao’s Multichain Strategy Expansion Grows With Starknet Support On Wednesday, the development team behind the Makerdao project revealed plans to integrate the Ethereum layer two (L2) scaling solution Starknet. The protocol Starknet is a product....