MakerDAO


Tech

MakerDAO Adds USDC as DeFi Collateral Following 'Black Thursday' Chaos

MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg.

(HFA_Illustrations/Shutterstock)

Finance

MakerDAO's Problems Are a Textbook Case of Governance Failure

MakerDAO could have planned for its "Black Swan" event last week.

MakerDAO CEO Rune Christensen image via CoinDesk archives

Tech

Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi

So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.

Credit: Shutterstock

Tech

MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol

MakerDAO is not pursuing its emergency shutdown option although the amount of uncollateralized dai continues to grow.

(Roibu/Shutterstock)

Tech

DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop

A large drop in the price of ether is testing the feasibility of Ethereum's entire system of lending and borrowing.

PRECARIOUS: If MakerDAO were to shut down, the crypto market would be flooded with some 2.4 million ETH even as the asset’s value plummets amid broader market turmoil. (Credit: Shutterstock)

Markets

Mind the Gap: Why ETH Price and DeFi Adoption Aren't in Sync

Demand for DeFi lending services built on ethereum shows a pattern of inverse relationship to the price of ETH. When ether prices are falling, the amount of ETH locked in DeFi tends to rise. Most recent data indicate the relationship operates the other way, too.

Eth deposits in DeFi lending & price, 2019-2020 (chart)

Markets

Why DeFi's Billion-Dollar Milestone Matters

The DeFi market hitting $1 billion in locked crypto is something even the most fervent ethereum skeptics would have a tough time dismissing as meaningless.

Credit: Shutterstock

Markets

Most of MakerDAO's Asset Value Is in Only a Few Addresses

Though the industry is growing rapidly, a very small portion of addresses hold the majority of assets being locked and borrowed in the DeFi space.

DeFi's concentrated assets. Credit: Shutterstock

Markets

Traders Turn to DeFi to Capitalize on Tuesday's Crypto Market Spike

Decentralized finance (DeFi) applications are popping off Tuesday, and the ETH price spike isn't the whole story.

Balloons image via Shutterstock

Markets

WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto

WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.

The Massachusetts shilling, c. 1667–1682, image via Metropolitan Museum of Art