#DAI News

Dai Axie and other Axies looking a Dai coin happily

Dai Stablecoin Now an In-Game Currency for Axie Infinity

June 12, 2019 by Eddie Mitchell at Altcoins

Maker, the firm behind the Dai stablecoin, has partnered with the crypto-collectible online battle game, Axie Infinity. The move brings Dai to a vastly expanding videogame in which players “breed, raise, battle, and collect” digital pets called "Axies." This according to an official blog post from Maker, June 10, 2019....

DAI Stablecoin Waving Behind the Coinbase Hut

Coinbase Earn Unveils Support for Ethereum-Based DAI Stablecoin

June 11, 2019 by Aisshwarya Tiwari at Altcoins

On June 10, 2019, Coinbase announced that its users can now earn the Ethereum-based DAI stablecoin by watching video lessons and answering questions about the token’s features. Coinbase Earn Gets its First Stablecoin Coinbase’s “learn and earn” platform - Coinbase Earn – now allows users to earn DAI cryptocurrency for...

Scope of DAI Use Cases are Exponentially Widening

June 9, 2019 by Ashwath Balakrishnan at News, Stablecoins

A recent report from MakerDAO digs into the growing adoption of the DAI stablecoin. Issuance of DAI may be done through Maker debt contracts, but usage is being leveraged across the Ethereum dApp ecosystem, June 8, 2019. DAI Use Case Bolsters Ethereum DeFi As a landmark year for cryptocurrency development...

Crypto Exchange OKEx Launches USDK Stablecoin

June 3, 2019 by Aisshwarya Tiwari at News, Stablecoins

In a blog post published June 3, 2019, Malta-based cryptocurrency exchange OKEx announced that it's subsidiary firm OKLink will launch a U.S. dollar-pegged stablecoin called USDK. Incoming: OKEx Stablecoin The stablecoin fever seems to be catching up with cryptocurrency exchanges across the world. Following the footsteps of exchanges like Gemini...

Troubles at MakerDAO Are Symptomatic of Shifting Narratives in Crypto

May 30, 2019 by Liam J Kelly at Altcoins

A lot has been going on at Maker over the past few months, and not all of it bullish. In the first, the protocol has experienced a series of stability fee hikes on its collateral lending product that has the community up in arms. After that, the team’s leadership has...

Coinbase Exchange Lists DAI Stablecoin

May 24, 2019 by Aisshwarya Tiwari at News, Stablecoins

Major cryptocurrency exchange Coinbase announced on May 23, 2019, that it had listed Maker’s stablecoin Dai (DAI) on its trading platform. With this, users of Coinbase.com and its Android and iOS apps will now be able to buy, sell, and store DAI. Welcome DAI According to the announcement, Coinbase users...

MakerDAO Proposes 17.5 Percent Stability Fee Decrease

May 20, 2019 by Ashwath Balakrishnan at Adoption, Finance, News, Stablecoins

In another twist, MakerDAO's Interim Risk Team has decided to initiate a proposal to reduce the stability fee from 19.5 percent to 17.5 percent, as per a blog post from May 17, 2019. This is the eighth fee change in three months and the second in May 2019. Finding Solid...

MakerDAO Maker Vote Green Tick Red Cross

Maker DAO Votes to Raise Fees to 16.5% per Year

April 29, 2019 by Ashwath Balakrishnan at Adoption, Blockchain, News, Stablecoins

After DAI has been persistently trading below its par value of one dollar, Maker has called for another vote to increase the stability fee by an additional two percent in an official blog post, April 26, 2019. This marks the sixth fee increase in the last two months, as a...

Magic Lamp with Cryptocurrencies Pouring out

Crypto Lending 101: Earning Interest on Ether (ETH) with Dharma

April 9, 2019 by Liam J Kelly at Altcoins, Blockchain, Ethereum, Finance, Guides

On April 8, 2019, Dharma officially launched their crypto interest and lending platform. According to a Medium post from the startup, users can earn interest on their dai (DAI) and ether (ETH) holdings at rates of eight and 2.5 percent respectively. The product now joins a growing sector of lending...

UMA Graph Stock Index Bitcoin Dai Red Green Candles

UMA Launches US Stock Index Token for Investors, Taps MakerDAO Stablecoin

March 30, 2019 by Tom Nyarunda at Altcoins, Business, Finance, Investment, News

The Universal Market Access (UMA) announced a partnership with MakerDAO to release a tokenized version of the stock exchange. Their ERC20 token will feature fractional ownership in the largest financial markets companies in the United States. This according to an official blog post on Medium, March 27, 2019. Not Initially...

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