DAI


Markets

MakerDAO Weighs Ditching $390M of Gemini Dollars from DAI Reserve

The result could have a significant impact on Gemini and its stablecoin as MakerDAO’s reserve holds roughly 88% of total GUSD supply.

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., say they gave $1 million each to the Trump campaign. (Joe Raedle/Getty Images)

Markets

Someone Flash Loaned $200M From MakerDAO to Make $3 Profit

An arbitrage bot took advantage of MakerDAO's 'DssFlash' contract, creating a $200 million flash loan to extract $3 in profit.

$200m DAI flash loan (Arkham)

Tech

New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing

Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH).

(Alfred Gescheidt/Getty Images)

Videos

MakerDAO Set for $1.28B Treasury Purchase

The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds via crypto asset manager BlockTower Capital. "The Hash" panel discusses the outlook for the Maker ecosystem.

Recent Videos

Markets

MakerDAO Paves Way for Additional $1.28B U.S. Treasury Purchase

The protocol’s community voted for onboarding a new real-world asset vault that would invest up to the additional amount in U.S. Treasury bonds.

MakerDAO founder Rune Christensen

Markets

MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets

The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP’s total supply.

MakerDAO booth at CES 2020 (Brady Dale/CoinDesk)

Finance

MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token

Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.

Rune Christensen (Trevor Jones)

Videos

Why MakerDAO's New Spark Protocol Does Not Serve U.S. Customers

MakerDAO launches Spark Protocol today, a front-end access lending protocol specifically designed for the DAI stablecoin. But, Phoenix Labs co-founder and CEO Sam MacPherson tells "First Mover," the product does not serve U.S. customers. "The risk was deemed too high [in the U.S.]," he said.

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Finance

Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield

The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.

Rune Christensen, fundador de MakerDAO. (CoinDesk TV)

Finance

Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token

The rebalancing comes as ether rallies off a successful Shapella upgrade.

(Unsplash)