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MakerDAO

cryptocurrency December 27, 2023

Advertisements Of all DeFi protocols, MakerDAO has seen the most revenue in 2023. This comes after it witnessed a significant TVL decline, and its DAI stablecoin briefly lost its peg. MakerDao [MKR] has emerged as the decentralized finance (DeFi) protocol with the most revenue in 2023, data from DefiLlama has shown. Advertisements Source: DefiLlama This […]

cryptocurrency August 21, 2023

Advertisements A proposal for the launch of Aave’s V3 iteration on Base has been approved by community members. AAVE sees increased distribution, putting downward pressure on its price. Aave’s [AAVE] governance forum has approved a proposal to deploy the lending protocol’s V3 iteration on the new Layer 2 (L2) scaling network Base. How much are 1,10,100 […]

cryptocurrency June 11, 2023

Advertisements A further drop in ETH’s price could send the DeFi market into another round of liquidation. The DeFi TVL across all chains submerged. Ethereum [ETH] and assets linked to the Decentralized Finance (DeFi) sector are experiencing a wave of uncertainty in the market. Although ETH’s dominance in the smart contract space has been unwavering, […]

cryptocurrency November 27, 2022

MakerDAO has offered to integrate the Optimism chain on its network subject to community approval Its stablecoin, DAI, has remained top of supply on the protocol, and could also be impacted by the integration MakerDAO’s [MKR] mission to enable its users to get better incentives seems to have taken another turn with a proposed Optimism [OP] […]

cryptocurrency July 20, 2022

Key Takeaways DeFi has suffered in the crypto slump, but many staple projects are still building. The likes of Aave, MakerDAO, Uniswap, and Lido have all put forward experimental governance proposals or made major announcements in recent months. If DeFi is to reclaim its highs, those building through the bear should emerge stronger than ever. […]

cryptocurrency September 4, 2020

The hottest thing to emerge for Ethereum holders this week has been Yearn Finance’s yETH high-yield farming pool. It has survived its first tribulation as ETH prices dumped 14% on the day. Advertisements This week, Yearn Finance’s DeFi platform, which recently launched insurance incentives, unveiled two new high yielding vaults for Ethereum holders. One is […]

cryptocurrency July 17, 2020

Advertisements Quick take: The amount of Ethereum locked in DeFi continues to rise. Approximately 3.5 million ETH is locked in DeFi.  Majority of the Ethereum is locked up in the DeFi apps of Maker and Compound Finance.  Yield farming is the reason why more Ethereum keeps getting locked up in DeFi.  The amount of Ethereum […]

cryptocurrency March 19, 2020

Advertisements The market crash witnessed on March 12 nearly brought the Ethereum-powered DeFi sector to a halt as the ether price took a serious nosedive. The situation was severe to the extent that MakerDAO, the largest DeFi player on the network, contemplated an emergency shutdown. Ethereum has emerged to be a significant player in the […]

cryptocurrency February 3, 2020

Advertisements The amount of money locked in decentralized finance (DeFi) contracts has just blasted through $900M — nearly reaching $920M at the time of publishing. DeFi is increasingly looking like it will be the main driver of Ethereum’s growth as its funds continue to increase. Just days ago, BeInCrypto reported that there was $852M worth […]

cryptocurrency November 8, 2019

The MakerDAO loan system, administered by the Maker Foundation, hit its debt ceiling Wednesday with roughly $100 million worth of the stablecoin DAI issued and more than $339 million worth of ethereum locked up as collateral. Advertisements On Thursday, the Maker Foundation proposed a new debt ceiling of 120 million DAI, which will now be voted […]