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DAI

MakerDAO Authorizes Urgent Fee Increases in adaptation to DAI Stability Issues

Jeet Adhvaryu Mar 11, 2024 0

In the MakerDAO community forum, BA Labs has suggested an emergency rate change in response to the extreme market volatility and substantial decrease in reserves.In response to the pressing issues brought about by the present market…
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Crypto News

The release of the Spark Protocol by MakerDAO improves the DAI lending network

Jeet Adhvaryu May 9, 2023 0

Spark, based on the DAI stablecoin, is a new DeFi lending mechanism created by MakerDAO.In an effort to further develop decentralized borrowing options for its stablecoin, MakerDAO has introduced Spark, a DeFi lending platform.With…
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Crypto News

Stablecoins Dropped $7B in May as Traders Redeem Tokens in Massive Quantities

Jeet Adhvaryu May 22, 2022 0

Tether, the most valuable stablecoin by market value, had its supply reduced by 11% as a result of redemptions, causing a 4 percent decline in May.It has been a rough month for the top four stablecoins by market capitalization, which…
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