Tag: DAI

Rune Christensen stated that Solana’s codebase should be the foundation of MakerDAO’s upcoming blockchain, as he highlighted that it’s optimized for building “highly efficient blockchains.” MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Solana’s codebase, and not the Ethereum Virtual Machine despite its…

Users attempting to access Spark Protocol with a virtual private network will not be able to, sparking criticism from supporters of privacy. MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol. At the time…

Decentralized finance protocol Aave has finally launched its new algorithmic dollar-pegged stablecoin GHO on Ethereum. Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19 million worth of GHO minted so far. Aave announced the launch of the new stablecoin in a July 16 blog…

Given the uncertainty in the macroeconomic environment, Bitcoin price bulls have no reason to bet against a six-week descending wedge pattern. A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics,…

Rune Christensen, a MakerDAO co-founder, has reached out to the community in light of recent conversations about decoupling its native token from USD Coin (USDC) amid the sanctioning of Tornado Cash to explain why free-floating DAI may be the only option for the decentralized autonomous organization (DAO). In his blog post titled “The Path of…

There’s Bitcoin, Ethereum, Ripple, and Litecoin, whose prices are dependent on the volatile cryptocurrency market. And then there’s Tether (USDT), whose price will never float too far away from $1. While this stablecoin is the most popular in the world, it isn’t the only option, writes Jie Yee Ong on MakeUseOf. So, read on to…