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Tag: DAI Stablecoin

MakerDAO Jacks DAI Savings Rate To 8% For Spark Protocol Users

DSR yields will progressively fall as adoption rises.Investors holding MakerDAO’s DAI stablecoin can now access yields of as high as 8% using its recently-launched...

MakerDAO’s Spark Protocol Blocks VPN Use; Privacy Advocates Cry Foul

MakerDAO’s recently launched lending platform, Spark Protocol, has courted significant backlash over its decision to ban VPN users on the front end. The...

Stablecoin Deposits on Maker Soar as DAI Interest Rates Hit 8% – Decrypt

The MakerDAO community has approved and executed a temporary increase in the annual returns for depositing its DAI stablecoin into the protocol.Folks staking the...

The Crypto Roundup: 07 August 2023 | CryptoCompare.com

Leading decentralized stablecoin issuer MakerDAO has recently launched its Spark Protocol, an innovative lending platform designed to boost its DAI stablecoin. Along with the...

Maker (MKR) Surges 26% In A Week As Token Buyback Program Goes Live

In the past week, Maker (MKR) token has captured significant attention in the crypto market, surging an impressive 26%. This remarkable price action coincides...

The Crypto Roundup: 07 July 2023 | CryptoCompare.com

Leading cryptocurrency exchange Binance has seen a number of executives leave the platform over the last few days, including Binance's...

How did Do Kwon move US$18 mln in stablecoins to ‘unfreezable’ tokens while in jail?

On-chain data shows US$18 million worth of USD Coin (USDC) stablecoins were transferred on Monday from a cryptocurrency wallet linked to the imprisoned Terraform...

MakerDAO-powered lending platform Spark Protocol onboards Rocket Pool staked ETH as collateral option

MakerDAO (MKR) has announced that Spark Protocol is onboarding Rocket Pool’s staked Ethereum (rETH) as a new collateral type, creating increased opportunities for...

Stablecoin market records $2.4b in redemptions in 30 days as leading Tokens experience supply decline

By Jamie Redman According to statistics, over the span of 30 days, from May 15 to June 15, 2022, more than 2.4 billion stablecoins...

Crypto Bot Executes $200 Million Flash Loan for $3.24 Profit

An anonymous trader operating a cryptocurrency arbitrage bot has recently executed a flash loan involving $200 million worth of the $DAI stablecoin, in a...

Centrifuge Looks To Help DAOs Invest In Real-World Assets

Centrifuge, a DeFi protocol for investing in real-world assets, launched Centrifuge Prime, a platform for DAOs seeking to manage a portfolio of RWAs, in...

Developers Aim To Bring New DeFi Strategies To $17B Liquid Staking Market

Liquid staking tokens (LSTs) are rapidly becoming a popular source of yield in DeFi. But while LSTs have served as a boon to Ethereum...

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