#DAI News

DeFi Roundup Part 1: The Best Developments of 2019

December 27, 2019 by Ashwath Balakrishnan at Altcoins, Blockchain

As we approach the end of 2019, it's fair to say a lot of fundamental development that occurred on-chain for public ledgers revolved around open financial protocols, or as the cool kids call it, "DeFi". DeFi, which stands for decentralized finance has been an extensive movement that truly found its...

DAI Savings Rate Makes Exchange Debut as Maker Partners with OKEx

December 17, 2019 by Ashwath Balakrishnan at Altcoins

Maker Protocol's internal savings product is set to be integrated on the OKEx platform in order to bring stable value accretion to the Asian market. Set to go live on December 23, the DAI Savings Rate (DSR) enables a trustless way to secure one's wealth without the pitfalls of volatility....

DAI Flippens SAI 3 Weeks After Multi Collateral DAI Launch

December 9, 2019 by Ashwath Balakrishnan at Altcoins

The total amount of SAI (single collateral DAI) that was converted to DAI has exceeded 50 percent of outstanding supply. At this rate, we could see nearly all SAI migrating to DAI by the end of 2019. Maker has been exceptionally healthy, faring well even as ETH and BAT prices...

Reforming the Financial System with Nuo Network

November 26, 2019 by Ashwath Balakrishnan at Altcoins

One of the major themes of 2019 in the cryptosphere has been DeFi, or decentralized finance. Predominantly built on Ethereum, financial protocols aim to change the way people transact and save their money by allowing them to do so in a permissionless, overcollateralized manner. As per the Financial Express, Nuo...

Multi Collateral DAI Launches Today, Here’s what you need to Know

November 18, 2019 by Ashwath Balakrishnan at Altcoins

The much-awaited integration of Multi Collateral DAI (MCD) is finally upon us. As the clock counts down, projects across Ethereum's DeFi stack are gearing up to support their favorite stablecoin. Amongst the known integrators are Compound, dYdX, Request Network, and almost every major exchange (Coinbase and Bitfinex) that lists DAI,...

DAI Ceiling of 100 Million Outstanding Tokens Hit, Executive Vote to Raise Limit on November 8

November 7, 2019 by Ashwath Balakrishnan at Altcoins

In another huge development for Maker Protocol and open finance, DAI has hit its 100 million ceiling, and the community is going in for an executive vote on November 8. The vote to raise the ceiling is expected to be approved unanimously as DAI becomes an integral part of the...

Maker Protocol’s Rebranding Effort Bring Terminology Changes

November 1, 2019 by Ashwath Balakrishnan at Altcoins

Multi Collateral DAI (MCD) is currently on schedule for its November 18 rollout. However, the term 'collateralized debt position' or 'CDP' is being phased out. As per MakerDAO's recent announcement, CDP is changing to "Vault," along with a few other terminology changes to evade confusion in the ecosystem, November 1,...

Maker’s Stability Drops 8 Percent to 5.5 APR as DeFi Sentiment Picks Up

October 28, 2019 by Ashwath Balakrishnan at Altcoins

Maker Protocol's stability fee is voted into existence with MakerDAO's governance mechanism. The stability fee is what helps keep DAI's peg afloat, and the confirmation of a reduction to 5.5% signifies a positive outlook on demand for DAI. As the price of ETH moves up, adoption metrics for DeFi protocols...

Gauntlet Joins Forces with Stellar (XLM), Celo and Compound

October 26, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Gauntlet, a simulation platform that builds the financial models of blockchain networks and applications to prepare them against attacks, has joined forces with Stellar Lumens (XLM), Celo, and Compound, a platform for decentralized finance (DeFi). This according to a blog post, October 24, 2019. Gauntlet Strengthening DLT Projects At a...

DeFi Behemoth Compound Protocol Steps Toward Total Decentralization

October 24, 2019 by Ashwath Balakrishnan at Blockchain

Compound's money markets have quickly become one of the most utilized dApps in all of crypto. The enthusiasm for the protocol has yet to die down, even as Moloch and SpankChain CEO, Ameen Soleimani, released a detailed overview of Compound, highlighting how centralized it is. While this sparked debate and...

Pages: 1 2 3 4