DAI Financial News

19.07 / 13:41

Ethereum Stablecoin defi DAI Staking Pool Lido to Expand to Ethereum L2s, New Proposal Seeks 'Operating Runway' for DAO in Stablecoins

Lido Finance, a decentralized finance (DeFi) protocol and third-party staking pool operator for Ethereum (ETH) 2.0, aims to expand services across various Ethereum Layer 2 (L2) scaling solutions. Meanwhile, a new proposal seeks to secure around two years of "operating runway" for Lido DAO in stablecoins.

01.07 / 10:47

Blockchain defi DAO DAI MakerDAO members shoot down proposal for more centralization

In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance structure become more centralized.

29.06 / 09:27

Blockchain defi DAO DAI MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds

MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai stablecoins into a combination of US treasuries and bonds.

27.06 / 19:33

Blockchain Web3 DAI Cross-Chain Top offering in cross-chain enables blockchain interoperability

Blockchain projects are on the rise since developers are pushing the boundaries of what is possible when trying to leverage the technology’s capabilities and because of the knowledge that no perfect solution may ever exist. For these reasons, cross-chain technology is becoming a joint discussion for enhancing interoperability between different blockchains. Simply put, this technology is the bridge that allows value and information to be transferred between networks.

21.06 / 14:38

defi MARKET lending DAI recovery CEL CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound

The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP).

14.06 / 15:29

Ethereum MARKET DAI Bitcoin Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze

The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing a growing problem with ETH tokens it has staked on Ethereum 2.0.

03.06 / 17:23

Stablecoin defi DAO DAI MakerDAO ‘Endgame Plan’ Calls for Specialized DAOs, Says Protocol is Held Back by Complexity

A detailed proposal to bring the MakerDAO (MKR) protocol to a “predetermined, immutable end state” by setting up several new decentralized autonomous organizations (DAO) has been published by the protocol’s founder Rune Christensen. The plan aims to improve governance and tap into “the raw power of modern [decentralzed finance] (DeFi) innovation.”

20.05 / 15:15

Blockchain Stablecoin Tether DAI Backed Algorithmic, fiat-backed or crypto-backed: What’s the best stablecoin type?

TerraUSD (UST) flipping BinanceUSD (BUSD) for the third spot in the market capitalization list didn’t last long. The once-mighty stablecoin that powers the entire Terra ecosystem finds itself reduced to “Terra is more than UST” tweets. While no one knows for sure if LUNA can stage a comeback, UST will certainly go down as one of the algorithmic stablecoins that went kaput in the same fashion as Basis Cash — which Terra creator Do Kwon was allegedly a part of — and Mark Cuban-backed Iron Finance.

12.05 / 17:55

Stablecoin MARKET MakerDAO DAI Weekly UST Competitor Maker Erases Weekly Gains

The price of the stablecoin protocol Maker’s governance token MKR has erased all of its gains from this week, after spiking up by close to 90% on Wednesday.

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