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Nearly one-third of all MKR in circulation (around 294,000, or approximately $300 million) participated in the ratification of LOVE. The top three "yes" votes were said to be VC whales, or large holders, a16z, Paradigm and ParaFi, according to one DeFi researcher. On the side of "no," which eventually won
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MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using decentralized finance (DeFi).Currently 83% of voters are in favor of the proposal. Voting ends at 12pm ET on July 7.The proposal involves
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In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance structure become more centralized. On Monday, the members of MakerDAO showed up to consider three proposals that would have reorganized the
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MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai stablecoins into a combination of US treasuries and bonds.Following a straw poll in a governance 'Signal Request,' the decentralized autonomous organization (DAO) members now must decide
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In response to Aave’s proposal, however, Maker’s Risk Core Unit (RISK-001) initiated a proposal to temporarily disable the Aave DAI Direct Deposit Module, effective today, June 17. The Risk Core Unit described Aave’s governance proposal to increase the liquidation threshold for stETH to 90% as an “unacceptable risk to the
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Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the
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Rebuilding Maker on StarkNet involves four phases, starting with a simple bridge that goes live on April 28. Source
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On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing”
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"As a major correction sent ETH falling from $3,200 to $2,500 in the past week, on-chain liquidations surged as positions started to hit their liquidation point," analysts at Delphi Digital said in Monday's newsletter, adding that MakerDAO has profited from the liquidation event. Original Source
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Welcome to the latest edition of Cryptox’s decentralized finance, or DeFi, newsletter.Blogging platform Mirror expanded to the public market this week. Read on to discover the impact of this move for Ethereum wallet holders. What you’re about to read is a more succinct version of the newsletter. For a comprehensive summary
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