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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 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...

MakerDAO (MKR) Adds USD Coin (USDC) as Collateral Following $4M Bad Debt

March 18, 2020 by Osato Avan-Nomayo at Altcoins

U.S. Dollar-backed stablecoin USD Coin (USDC) is now the latest collateral added to the Maker Protocol. MakerDAO Adds USDC as Third Collateral Decentralized finance (DeFi) project MakerDAO announced the news of the USDC addition to its collateral catalog via a blog post on its website on Tuesday (March 17, 2020)....

DAI Development: Maker Announces Rebirth of OasisDEX, Weiss Ratings Bullish on Future

DeFi Ecosystem MakerDAO to Sell Off MKR to Cover $4M Bad Debt

March 13, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

MakerDAO (MKR), an Ethereum-powered lending ecosystem has announced that it will carry out an MKR governance token auction in two days, to off-set the $4 million bad debt in its ecosystem brought about by the massive crash in the price of ether (ETH), reports TheBlock on March 12, 2020. MakerDAO...

MakerDAO (MKR) Partners with Simplex to Enable Dai (DAI) Purchase with Fiat

March 4, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

MakerDAO, Ethereum-powered decentralized finance (DeFi) heavyweight, has joined forces with Simplex, a European Union-licensed firm that provides a fiat gateway to leading bitcoin trading venues. The deal will enable Simplex to create a fiat on and off-ramp for the DAI dollar-pegged stablecoin, according to reports on March 3, 2020. Simplex...

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