Sky Co-founder Proposes no New Emissions, Reduce Total Supply
Rune Christensen, the co-founder of Sky (formerly MakerDAO), announced he is formulating a proposal for “strictly deflationary tokenomics” to cease token emissions and reduce the total supply. Christensen’s objective is to prevent token emissions from occurring “under normal circumstances,” irrespective of whether the primary token remains as Maker or is rebranded as SKY per the […]
Pyth Flips Chainlink in 30-Day Volume, Chronicle CEO Comments
Pyth Network’s pull-based model has resulted in significant transaction volumes, adding to Oracle’s competition with Chainlink. Pyth Network, a leading Oracle provider, has recently surpassed Chainlink in 30-day transaction volume despite holding a lower total value secured (TVS). This change could be due to Pyth’s unique pull-based Oracle model, which delivers data upon request rather than […]
MakerDAO to Offer MKR Conversions for New Governance Token
MakerDAO will let MKR holders convert their tokens to 24,000 NewGovToken (NGT) tokens each, aiming to boost governance participation. MKR holders will be able to convert their tokens to the newly-issued NewGovToken (NGT) tokens through the crypto lending platform MakerDAO, which is the protocol that powers the DAI stablecoin. Holders will have the ability to […]
Grayscale Introduces MakerDAO Trust, MKR Price Rises 5%
Crypto asset manager Grayscale has established a MakerDAO Trust, which provides investors with the opportunity to acquire exposure to MKR. Grayscale, a digital asset management firm, has announced the launch of its MakerDAO Trust, a new single-asset cryptocurrency investment fund available through private placement. This follows the company’s previous introductions of similar crypto-based trusts to […]
MakerDAO Delegate Loses $11M in Tokens to Phishing Scam
After signing several phishing signatures, the user fell victim of the scam and lost their digital assets. A MakerDAO governance delegate lost $11 million in Aave Ethereum (aEthMK) and Pendle USDe tokens as a result of several phishing signatures. However, in the early hours of June 23, the Scam Sniffer identified the incident. The user fell […]