Friday, December 1, 2023
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MakerDAO’s $1.84M Investment at Risk Due to Default of Tokenized Loans on Centrifuge

However, the development unveils risks about the protocol’s strategy to double down on real-world asset (RWA) investments, including lending to non-crypto businesses. Last month, MakerDAO halted lending to Harbor Trade, another Centrifuge tokenized credit pool manager, after $2.1 million of loans soured without payment on time. Source

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MakerDAO’s DAI Stablecoin Surpasses $5B on Higher Yield, Lifting DeFi Lender Spark Protocol

The extra payout has drastically bitten into Maker’s profits, Kunal Goel, analyst at Messari noted in a report. “Higher rates on higher deposits ballooned the protocol’s interest expense [and] has dried up profit expectations,” he wrote. The too-high rate also opened up opportunities for arbitrage, Goel added. Source

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Crypto Exchange Coinbase (COIN) Will Suspend Trading with Tether’s USDT, MakerDAO’s DAI and RAI Stablecoins in Canada

“We regularly monitor the assets on our exchange to ensure they meet our listing standards,” the note sent to users reads. “Based on our most recent reviews, Coinbase will suspend trading in Canada for RAI Reflex Index (RAI), Dai (DAI) and Tether (USDT) on Aug. 31 around 12 pm ET.” Original

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