MakerDAO news

Stablecoin protocol MakerDAO (MKR) has announced the expansion of its governance vote to enable new tokens as collateral. The manufacturer is considering seven tokens as collateral, including bBadger, BadgerDAO, 1 Inch Decentralized Exchange Token (1INCH), Rocket Pool Staked Ethereum (eETH), and Moss Carbon Credit (MCO2).

Seychelles-based crypto exchange OKEx has listed DAO, the native token of the DAO Maker Network. The exchange unveiled this news through an official announcement on April 14, noting that the coin would be added to its spot trading markets. Reportedly, DAO deposits started at 8:00 AM UTC and spot trading…

Maker (MKR), the largest DeFi token by total value locked (TVL), has hit its two-year high today, January 9th. The token’s growth is fueled by the development of the DeFi sector, whose TVL reached $22.28 billion earlier today. Maker’s price performance Maker is an Ethereum-based governance token, and…

The MakerDAO Governance Facilitator has introduced a governance poll on behalf of the Maker Governance community to improve community engagement. A blog post unveiled this news on December 7, noting that the organization seeks to offer the community a chance to show their support or objection to parameter changes and…

MakerDAO’s Dai, an Ethereum-based decentralized stablecoin, has just become the third-largest stablecoin by market cap, bested only by USD Coin (USDC) in the second spot, and Tether (USDT) itself. The coin has hit a $1 billion supply for the first time since its creation. The biggest decentralized…

In a recent report by Monday Capital and DappRadar, the top holders in many Defi projects still control higher amounts of the token. Their analysis of governance proposals and token distribution revealed the same in most of the prominent Defi projects. One of the high points of DeFi projects…

With the rise of a new generation of popular crypto projects, MakerDAO decided to respond to the community request and add new options that can be used as collateral. The project listed three new coins, including Compound, Chainlink, and Loopring. The mentioned three tokens were specifically voted…

Maker (MKR) price has been struggling with a strong resistance at $500 for an entire month now, ever since it dropped below this level on June 21st. This level has been crucial in the coin’s history, often serving either as a strong support, or a persistent resistance level. However,…

The DeFi sector is growing at a rapid pace, and it already hit the new milestone. Only recently, it exceeded $2 billion in total value locked, as reported by DeFi Pulse. DeFi TVL crosses $2b mark The speed of the sector’s growth appears to be increasing with time. Around…

MakerDAO (MKR) recently saw a significant rally that took its price up by 30% in less than 24 hours. The price movement even caused a new high on the coin’s YTD chart on plenty of exchanges, even breaching $720 high on some platforms. The second major spike in two…

Coinbase Pro recently published a new announcement, stating that it plans to add support for MakerDAO’s token, Maker (MKR). The same announcement was made back in April 2019, although the attempt back then failed, due to limited liquidity. The largest US exchange is now ready to try again…

In January of this year, TRON founder and CEO, Justin Sun, announced TRON’s own upcoming decentralized stablecoin. His announcement back then revealed that TRON plans to use TRX and BTT for backing the coin. #TRON community will launch a new decentralized stablecoin backed…