The upcoming MakerDAO auction rallied strong support from the DeFi community as it seeks to make borrowers whole
Cracks in the MakerDAO system exposed vulnerabilities in DeFi. How will the ecosystem recover?
For the first time, MKR tokens will be minted and auctioned for DAI to repay outstanding debts that failed as a result of the recent crypto market meltdown
The top-performers of this week are showing selling at higher levels. If the support levels crack, the traders can expect further selling
Overbought conditions mean a few top performers of this week may enter a corrective phase or continue to consolidate as traders consider booking profits
The total value locked (TVL) in decentralized finance applications has surpassed $1 billion, prompting celebrations from the Ethereum community. Not everyone has been swift to toast the milestone, however, with suggestions that the true value locked into defi protocols is materially lower. Meanwhile, creeping competition from centralized lenders shows that defi will have to innovate […]
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The defi market has hit an all-time high as the total value locked up in decentralized finance has surged past $850 million. A flurry of new applications, privacy proposals, wallets, DEXs, and protocols is extending the limits of what defi is capable of. This jubilation should be countered with a healthy dose of caution, however, […]
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According to the CEO of the Maker Foundation, Rune Christensen, Multi-Collateral Dai (MCD) will launch on November 18. On October 28, Maker’s stability fee was reduced by a ‘whale’ with roughly 94% of the voting power. Also Read: French Ministry of Education Publishes Bitcoin Resource Guide for Educators Maker’s Multi-Collateral Dai Will Launch November 18 […]
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Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read: The ”Wrapped Bitcoin” Project Has Now Officially […]
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After yesterday’s mixed movements, all of the top twenty cryptocurrencies are seeing solid green on the day to press time, with Bitcoin trading around $5,180 to press time