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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..

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 ..

DEFX: Nasdaq Adds New Index That Tracks DeFi Crypto Projects

The operators of the Nasdaq, the second-largest stock exchange in the world, have added a new index to their bustling platform that notably tracks cryptoeconomy and decentralized finance (DeFi) natives like Augur and MakerDAO. That index, dubbed DeFiX, is backed by the international brokerage brand..

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..

Flood of Maker CDPs Open Upon New Coinbase Earn Dai Lesson

Coinbase Earn, the educational arm of U.S. cryptocurrency exchange Coinbase, launched its first advanced lesson on the Dai stablecoin on June 26th. Since then, newcomers have been opening up MakerDAO Collateralized Debt Positions (CDPs) in droves to try drawing out Dai for themselves. It comes as p..

Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read: The ”Wrapped ..

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