#DAI News

What Are Crypto-collateralized Stablecoins and How They Work

July 11, 2021 by Wayne Jones at Altcoins

Crypto-collateralized stablecoins are stablecoins backed by other cryptocurrencies to shield them from the high volatility of the reserve crypto. By 'backing' them, they act as collateral. How Crypto-collateralized Stablecoins Work Let's say you deposit ether worth $10 and receive stablecoins amounting to $5; this ensures that the stablecoin is 200%...

MakerDAO Reduces Stability Fees to Reawaken Stablecoin Demand

MakerDAO Reduces Stability Fees to Rekindle Stablecoin Demand

June 22, 2021 by Wayne Jones at DeFi

The decentralized finance platform, MakerDAO, intends to rekindle demand for its DAI stablecoin through fee reduction. The platform allows borrowers to use volatile cryptocurrency as collateral for loans of stablecoins (known as dai) pegged to the U.S. dollar. MakerDAO Focused on Stablecoins' Development MarkerDao has adjusted stability fees across a...

Coinsilium Group Limited’s Nifty Labs Starts RSK-Powered NFT on Bitcoin Marketplace Development

June 9, 2021 by Ogwu Osaemezu Emmanuel at Altcoins

Coinsilium Group Limited is an open and crypto finance venture builder that creates and implements services and products based on blockchain technology. It was the very first blockchain organization that went public back in 2015. Over time it has invested in the leading and popular blockchain projects such as Blox,...

Decentralized Stablecoin DAI Goes Live on RSK Blockchain as rDAI

May 11, 2021 by Aisshwarya Tiwari at Altcoins

The most popular decentralized stablecoin Dai (DAI) is now live on RSK network. An Alternative to Escaping High Ethereum Fees Since the famed DeFi “summer of 2020” a major pain point on the Ethereum network has hindered small and retail investors from enjoying the benefits of DeFi – the exorbitant...

DeFi Major Aave (AAVE) to Build on Polygon’s Scalable Layer 2 Platform

April 1, 2021 by Wayne Jones at DeFi

The decentralized lending platform built on the Ethereum blockchain, Aave says that it will scale its DeFi platform beyond its blockchain by joining several sidechains, including Polygon. Aave Addresses Transaction Fees Block space supply today is scarce and limited, leading to the massive expansion of assets on the Ethereum blockchain....

Altcoin Explorer: Tether, The World's First Successful Stablecoin

Tether (USDT) Records Highest On-Chain Volume of Over $232 Billion in February

March 1, 2021 by Aisshwarya Tiwari at Altcoins

While the wider cryptocurrency market continues to correct, the total on-chain stablecoin volume reached a new high in February. Stablecoin Use Continues to Surge According to a report by The Block, the adjusted monthly on-chain stablecoin volume hit a new high of over $360 billion in February. As can be...

Partnering to Build Best-in-Class BTC Vaults

BadgerDAO’s Partnership With yearn.finance Will Promote Bitcoin Adoption

February 11, 2021 by Wayne Jones at DeFi

Badger DAO, an Ethereum-based decentralized finance (DeFi) protocol on absorbing Bitcoin liquidity, recently announced its partnership with Yearn.finance. Work in Progress Launched in December, BadgerDAO is a project that promotes bitcoin adoption (i.e., tokenized bitcoin iterations such as WBTC and renBTC) on Ethereum. So far, the project has seen tremendous...

Bancor v2.1 Protocol Health Report - January 2020

Bancor (BNT) Unveils Liquidity Mining Rewards and Compound Yield

January 28, 2021 by Aisshwarya Tiwari at Altcoins

Last year, Bancor proposed the BNT Liquidity Mining (LM) program to bring new liquidity into its pool and create rigidity to stimulate long-term liquidity. BNT Liquidity Rewards on Bancor As of today, BNT liquidity returns are now available on the Bancor.network interface. Users can now view, download and stake BNT...

DeFi in Bitcoin Expands After RSK Integrates DAI

DeFi on Bitcoin Expands After RSK & RIF Integrate DAI

October 6, 2020 by Dalmas Ngetich at DeFi

DAI—a popular crypto-collaterized stablecoin issued by MakerDAO, is now available on RSK & RIF. RIF Development Team Integrates DAI The RSK Infrastructure Framework (RIF) development team has now successfully used the RSK-Ethereum token interoperability bridge to expand DeFi capability on the RSK network. The bridge was launched early this year....

MakerDAO Supports Chainlink (LINK) as Collateral to Stabilize the DAI Peg

October 1, 2020 by Dalmas Ngetich at Altcoins

MakerDAO, one of the world’s leading decentralized autonomous organization built on Ethereum and solely reliant on smart contracts to effect trustless borrowing, saving, and lending of ETH and its tokens, now supports Loopring (LRC), Compound (COMP), and Chainlink (LINK) as collateral after a proposal was passed on Sep 30. MakerDAO Enables...

DeFi-Inspired Yield-Earning Stablecoin OUSD Launched

September 23, 2020 by Dalmas Ngetich at Altcoins

The Origin Protocol--a San Francisco-based company aiming to revolutionize eCommerce, is launching OUSD. It is an ERC-20 stablecoin whose reserves readjust depending on demand from the booming decentralized finance (DeFi) sub-sector as per a Medium post on Sep 23. With no staking, lock-ups, or account registration, the coin currently earns a 2.89 percent...

MakerDAO Approves 4 New Light Feeds For Oracles

MakerDAO Approves Four “Light Feeds” for Oracles

July 10, 2020 by Shaurya Malwa at Altcoins

DeFi posterchild MakerDAO approved four feed and oracles to eventually build a better connected, real-time trading infrastructure. Four Proposals In a post on Friday, MakerDAO announced a proposal for making decentralized markets more secure reached completion - resulted in the four new price feeds and oracles added to the network....

Compound-Issued DAI Just Eclipsed Actual DAI, Courtesy an Infinite Issuance Loophole

July 3, 2020 by Shaurya Malwa at Altcoins

There’s now more DAI, the MakerDAO stablecoin, issued on DeFi project Compound than DAI’s actual circulating supply, CoinDesk reported June 3. DAI on Compound > Actual DAI DeFi - the shiny new sub-sector of crypto that promises ultimate decentralization and returns for early adopters - is facing a strange conundrum....

Play Esports? ConsenSys Labs Just Made Ether (ETH) and DAI Winnings Possible

June 2, 2020 by Aisshwarya Tiwari at Ethereum

The North American Collegiate League (NACL), one of the biggest in the U.S. for outdoor, indoor, and e-sports has teamed up with Ethereum-incubator ConsenSys Labs to bring crypto-rewards for tournament winners. Bringing Crypto to E-sports Announced June 1, the partnership sees tournaments tracking and data reported via the Ethereum blockchain....

Crypto Venture Firm Paradigm Leads $5.3 Million MakerDAO Auction to Correct Dai Deficit

April 1, 2020 by Osato Avan-Nomayo at Altcoins

Paradigm, a cryptocurrency venture fund outfit has beaten 35 other bidders to acquire the majority of the MakerDAO (MKR) tokens on sale during the project’s recent debt auction. MakerDAO Auction Sees 20,980 MKR Tokens Sold In a tweet published on Tuesday (March 31, 2020), Paradigm announced that it won 72...

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