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Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition to MakerDAO. Abracadabra is a cross-chain stablecoin lending protocol that operates on Ethereum, Binance Smart Chain (BSC), Fantom, Avalanche, and Arbitrum. Along with MIM, the project
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MakerDAO founder Rune Christensen has published an essay outlining measures that could be taken to make the protocol a vehicle for addressing climate change.In a lengthy Oct. 5 post published to the MakerDAO governance forum, Christensen asserts that MakerDAO should strive to ensure that all of its collateral comprises “sustainable and
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French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale
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A flowchart included in the proposal shows six entities: SocGen; SocGen Forge; the MakerDAO protocol; The DIIS Group that will serve as a “security agent,” a requirement under French law to enforce the terms of the loan on the real-world side on Maker’s behalf; an as-yet unappointed MakerDAO legal representative;
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The MakerDAO team has announced via a blog post on July 20, 2021, that the Maker Foundation’s bootstrapping process is now complete and the global community will now be in charge of the Maker Protocol. The Maker Foundation will finally dissolve into history in the coming months. MakerDAO Now Decentralized Indeed, the
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The MakerDAO community is voting on a proposal to harden the protocol's governance structure against flash loan voting. Source
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It’s been a tough past few weeks for all leading decentralized finance coins. While Maker (MKR) — the
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The MakerDAO community has voted to add support for a trio of new tokens for the decentralized finance (DeFi) loans that generate DAI stablecoins.Vaults are now open for deposits of Chainlink’s LINK, Loopring’s LRC and Compound’s COMP. Community members pitched proposals to add the tokens this summer and voted for
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MakerDAO will not compensate victims of March 12’s “Black Thursday” flash crash that left some of the decentralized finance (DeFi) platform’s investors out $8.33 million, according to a vote that closed Tuesday. The Maker community had initially voted in early April to refund sunken investors. Nearly six months later and the
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Decentralized finance (DeFi) looks set to gobble Ethereum. On the Bankless YouTube channel Tuesday, recently departed chief of oracles at MakerDAO, Mariano Conti, spoke about how excited he is to see Yearn.Finance create a vault for yield farming with ether (ETH), the native token of the Ethereum blockchain. “[Yearn.Finance] is probably the
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