MakerDAO


Markets

DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank

The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.

(Unsplash)

Policy

Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge

The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.

(Aitor Diago/Getty Images)

Finance

DeFi Giant MakerDAO to Introduce Aave Rival Dubbed Spark Protocol

The protocol is a fork of Aave v3 and will increase the use case for the DAI stablecoin.

Spark Protocol (MakerDAO)

Markets

MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin

The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.

Spark Protocol would be a new liquidity market for lending and borrowing crypto assets focused on DAI. (Dawid Zawila/Unsplash)

Finance

MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions

With “scientific sustainability” as a core principle, an early draft of the proposed Maker constitution would, if approved, play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund.

(DALL-E/CoinDesk)

Tech

MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance

The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.

(Cleveland Trust Co/Modified by CoinDesk)

Markets

Paxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin

The proposal by Paxos is part of MakerDAO’s effort to generate income on its $7 billion digital asset reserve.

(Getty Images)

Markets

MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves

The result averts near disaster for Gemini’s stablecoin, because MakerDAO holds 85% of all GUSD in circulation.

Tyler Winklevoss and Cameron Winklevoss, creators of crypto exchange Gemini Trust Co. (Joe Raedle/Getty Images)

Markets

MakerDAO Favors Holding GUSD Stablecoin as Part of Reserve in Early Voting

MakerDAO voters so far prefer keeping the $500 million Gemini USD stablecoin ceiling in Maker’s DAI stablecoin reserve over decreasing its role or phasing it out.

Tyler Winklevoss y Cameron Winklevoss, cofundadores de Gemini. (Joe Raedle/Getty Images)

Markets

MakerDAO Community Votes to Hike DAI Rewards to 1%

Some 71% of voters favored hiking the DAI Savings Rate to 1%, the highest option offered in the voting.

MakerDAO community votes to hike DAI rewards to 1% (Getty Images)