MakerDAO


Finance

MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve

The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.

Rune Christensen (Trevor Jones)

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)

Videos

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

An arbitrage bot flash loaned $200 million worth of the dai stablecoin (DAI) from MakerDAO on Wednesday, making a $3.24 profit after transaction fees. "The Hash" panel discusses the flash loan and the state of decentralized finance.

Recent Videos

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

Videos

MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve; Nike Teams Up With EA Sports

CoinDesk's Jennifer Sanasie presents the major stories shaping the crypto industry on "CoinDesk Daily" as MakerDAO’s community voted to ditch $500 million Paxos Dollar (USDP) stablecoin from the lending protocol's reserves. Plus, insights on Kraken's gains in customer deposits in Canada following the departure announcements of its rival exchanges including Binance and OKX. And, a closer look at the partnership between Nike Virtual Studios and video game developer EA Sports.

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)

Markets

Justin Sun Moves $4.3M of MakerDAO's Tokens to Binance: Blockchain Data

Tron founder Justin Sun’s potential sale of MakerDAO’s token – movements of tokens to an exchange often come before sales – coincide with the DeFi protocol’s controversial restructuring.

Tron CEO Justin Sun (Steven Ferdman/Getty Images)

Videos

MakerDAO Founder Explains How AI and Crypto Intersect

MakerDAO founder, Rune Christensen recently laid out plans to introduce a new stablecoin and governance token as part of the platform’s on-going revamp. Christensen joins "First Mover" to discuss how AI-assisted governance tools will be implemented, allowing token holders to summarize and verify governance rules and processes. "Ideally, it should almost feel like playing a game," Christensen said. "Participating in governance in a DAO should be sort of something that you want to do because it rewards you."

Recent Videos

Videos

MakerDAO Founder on Future of DAI Stablecoin, Governance Token

Decentralized finance (DeFi) lending platform MakerDAO’s founder, Rune Christensen, laid out plans to introduce a new stablecoin and governance token as part of the platform’s on-going revamp, according to a proposal posted on Maker’s governance forum last week. MakerDAO Founder Rune Christensen joins "First Mover" to share insights into "Endgame" and what he hopes to achieve.

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