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Wrapped Bitcoin (WBTC), an ERC-20 token that tracks the price of bitcoin (BTC) can now be used on DeFi protocol Compound (COMP) with a 40% collateral factor. WBTC Goes Live on Compound with 40% Collateral A community proposal floated by Compound holders in May 2020 has finally received the green light
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The price of MakerDAO (MKR) has rallied by roughly 30% over the past 24 hours, posting a new year-to-date high above $720 on some exchanges. The rally follows a late May spike of up to roughly 45% on the heels of MKR’s second Coinbase Pro listing. The past day’s high saw
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A new blockchain protocol funded by Web 3.0 Foundation promises to reduce collateral requirements in DeFi and cross-chain applications.Interlay received a grant from the foundation to build a bridge between Polkadot and Bitcoin (BTC). The latest paper to come out from this project, “Promise: Leveraging Future Gains for Collateral Reduction”,
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MakerDAO, leading player in the decentralized finance sector, is facing liquidity risk in an uncertain market. The MakerDAO community is considering adding support for USDC, the cryptocurrency associated with Circle, as an alternative collateral to help bear this risk, according to a community thread on March 16. MakerDAO’s Foundation Dev
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During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created
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The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it.A decentralized stablecoinEthereum-collateralized decentralized stablecoin DAI managed to maintain its peg to the United States dollar as Ether lost
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