#DAI News

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...

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

Coinbase Commerce Adds DAI as a Payments Option for Online Retailers

February 14, 2020 by Anthonia Isichei at Altcoins

Coinbase Commerce, the merchant arm of the San Francisco-based cryptocurrency exchange, Coinbase, recently integrated Marker’s stablecoin, DAI, as a payment option for online retailers. The DAI stablecoin becomes the second digital currency to be integrated by Coinbase Commerce. DAI Stablecoin Now Supported on Coinbase Commerce The decentralized autonomous organization (DAO),...

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...

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