#DAI News

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...

LSDAI Shows Promise in Furthering Ethereum Financial Innovation

October 22, 2019 by Ashwath Balakrishnan at Ethereum

Popular DeFi applications like Maker, Compound, and ChainLink continue to command a lion's share of attention and hype. Smaller dApps haven't been able to garner much awareness, but the sheer level of financial innovation is proving to be the real selling point for Ethereum's DeFi ecosystem. In a community call...

g& gang kickin back watching a guy point at stablecoins and an arrow saying huge risk whiteboard

G7 Report Labels Stablecoins as Significant Risk

October 14, 2019 by Ashwath Balakrishnan at Altcoins

The growth in stablecoin usage has soared since late 2017, and this has regulators and government bodies across the world incredibly worried. A new report formulated by central bank officials of the G7, the IMF, and the Financial Stability Board, believe that global stablecoins pose a systemic threat to the...

Bitfinex Refutes Study Linking Tether (USDT) Issuance to Market Manipulation

October 7, 2019 by Ashwath Balakrishnan at Altcoins

Bitfinex has publicly stated that they have caught wind of an unpublished paper that wrongly accuses the Tether stablecoin of being a main force behind the cryptocurrency bull market. The exchange has disputed these conclusions and claims that said the study is based on cherry-picked data and unrealistic assumptions, October...

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

September 27, 2019 by Ashwath Balakrishnan at Altcoins

MakerDAO has announced the relaunch of OasisDEX to increase the depth of DAI trading and allowing users to trade, and create liquidity, for the assets included under Multi Collateral DAI (MCD), September 26, 2019. This mechanism will allow for decentralized trading of Maker (MKR) to channel more efficient price discovery....

MakerDAO Releases Guidelines for Migrating Existing DAI to Multi-Collateral Contracts

September 23, 2019 by Ashwath Balakrishnan at Altcoins

Earlier this year, MakerDAO announced that they would be phasing in multi-collateral contracts. This would give users the ability to enter a Collateralized Debt Position (CDP) by using asset chosen by the community as collateral, instead of just ETH. The Foundation has rewritten the entire smart contract core, so this...

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