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Amount of Ether Locked in DeFi Is Growing Despite Price Slump

News The number of Ether (ETH) locked in decentralized finance (DeFi) applications reached an all-time high of 2.7 million, according to DeFi monitoring resource DeFiPulse, and has been steadily growing since the end of June. Of the 2.7 million ETH locked, 2.1 million (77%) are locked in the syst..

Human Rights Foundation: Stablecoin Privacy Is ‘Extremely Lackluster’

News The non-profit Human Rights Foundation (HRF) has analyzed the censorship and privacy landscape of stablecoins in a report published on Nov. 20. For privacy coins that are not stablecoins, the largest single-week losses so far this year have ranged between 24% and 34%, the HRF notes; a fact th..

Maker’s Big DeFi Milestone: Multi-Collateral Dai (MCD) Upgrade Activated

Maker, the largest DeFi project to date, just celebrated its biggest milestone yet with the successful activation of its Multi-Collateral Dai (MCD) upgrade. Launched on November 18th, the MCD system will allow Maker users to draw out automated Dai stablecoin loans using collateral beyond just ether..

Dai Stablecoin Debt Ceiling Reached: What It Means and What Comes Next

MakerDAO’s Dai stablecoin has become a darling in the Ethereum decentralized finance ecosystem. And in short order, demand for the dollar-pegged cryptocurrency is growing. That’s because the Dai stablecoin’s artificial debt ceiling of $100 million USD was reached for the first time this week, a DeF..

Maker (MKR) Token First Up on Anchorage’s Governance Voting Platform

As the MakerDAO project continues to advance and its flagship tokens, Dai and MKR, grow in popularity, the specter of Maker governance votes is rising too. Accordingly, cryptocurrency custodian firm Anchorage has launched a new voting portal for its institutional MKR holders to readily have their s..

John McAfee: Stablecoins Solve the ‘Fiat Problem’ for Decentralized Crypto Exchanges

John McAfee — cybersecurity expert and crypto bull, says stablecoins could hold the key to solving some of the core issues with decentralized exchanges (DEX). With centralized exchanges still holding sway in the crypto trading markets, some cryptocurrency purists say DEX adoption needs to become the..

Earn Coin for Holding Coin: Dai Savings Rate Coming Next Month

Hodl to steadily and stably earn, not hodl to hope: that’s the dynamic the Dai stablecoin is set to embrace next month. That’s according to Maker chief executive officer Rune Christensen, who announced at the Osaka-based Devcon 5 on October 9th that the Dai Savings Rate (DSR) — which will allow Dai..

What to Dai? Ethereum Backers Grapple With Popular Stablecoin’s Future

As new technical possibilities are arising, discussions have picked up this week in the Ethereum community around what the MakerDAO project’s Dai stablecoin should be and become — and the possibilities are wide open in the open-source DeFi community. For context, there are two notable developments ..

Next Gen: Reigning DeFi Champs Maker Unveil New “V2” Blockchain Oracles

This week Maker, the team behind the popular Dai stablecoin, announced its next generation “V2” Oracles. It’s a big development for the Ethereum DeFi ecosystem, as Maker’s first wave of Oracles — initially launched in the summer of 2017 — have come to be relied upon by an array of popular Ethereum ..

Dai News: OpenLaw Integrates, rDAI Arrives, & First MCD Vote Starts

There’s plenty of bustle happening around MakerDAO’s dollar-pegged Dai stablecoin right now. For one, on August 14th the team behind the blockchain-based legal agreement protocol OpenLaw announced they’d be integrating the Ethereum ecosystem’s darling stablecoin as the “medium of exchange of choice..

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