[ad_1] The crypto domain is a rapidly changing and dynamic field. New technologies and concepts appear on the market before investors can fully understand them. DAI is a cryptocurrency that tries to…
Category: Dai
MakerDAO gets proposal to raise DAI savings rate to 3.3%
[ad_1] The core development team at MakerDAO, the decentralized platform responsible for stablecoin Dai, is proposing to raise the savings rate for the collateral-backed cryptocurrency to 3.33% amid a soaring interest rate…
DAI, USDC and USDT deposits and withdrawals available on the Arbitrum Network!
[ad_1] We are very happy to announce that Kraken now supports deposits and withdrawals Dai (DAI), USD Coin (USDC), and Tether (USDT) are available on the Arbitrum Network! Arbitrum is a Layer…
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen
[ad_1] General Bytes experienced security incidents on March 17 and 18 that allowed hackers to remotely access key service interfaces and send funds from hot wallets, according to the company and sources….
MakerDAO passes proposal for $750M increase in US Treasury investments
[ad_1] Lending protocol and stablecoin issuer MakerDAO issued a proposal on March 16 to increase its holdings of the United States Treasury bond portfolio by 150%, from $500 million to $1.25 billion….
Depegging of USDC and DAI Saves Borrowers $100 Million
[ad_1] Over the weekend, the depegging of two major stablecoins, USD Coin (USDC) and Dai (DAI), from the US dollar drove a loan repayment craze on decentralized lending protocols Aave and Compound….
DAI was flawed from the beginning says DeFi founder
[ad_1] Andrey Shevchenko — founder of decentralized finance (DeFi) protocol Zircon Finance — shares his view that MakerDAO (MKR)’s so-called “decentralized stablecoin” DAI (DAI)’s introduction of USD Coin (USDC) as collateral is…
DAI recovers after severe depeg caused by USDC ripple effect
[ad_1] Stablecoin DAI MarketDAO recently recovered after a de-pegging event that saw the stablecoin drop from $1 to $0.88 in value. As the Silicon Valley Bank saga continues, the price of USDC,…