Aave to Counter MakerDAO’s DAI Expansion risk
The proposal seeks to reduce risks with minimal user impact, given the small DAI collateral on Aave, and users can switch to USDC or USDT. Lending procedure Aave has introduced a new proposal from the Aave Risk Framework Committee (ARFC) to modify the Dai stablecoin’s risk parameters. The proposal was presented by the Aave Chan […]
MakerDAO submits proposal to resolve exposure of 3.1B USDC
MakerDAO, the issuer of the U.S. dollar-pegged DAI stablecoin, asked for a “immediate executive proposal to limit threats to the protocol.” MakerDAO said it had numerous collaterals “exposed to USDC tail risk” in light of the unprecedented depegging of the USD Coin (USDC $0.92) stablecoin that began on March 10. DAI is now secured by […]
Top 5 DeFi Loan Protocols in 2022
DeFi loan protocols provide crypto loans on a decentralized platform without intermediaries or going through KYC. Lending is one of the key components of DeFi, and DeFi loan protocols provide a far superior choice for passive income generation than the traditional financial sector. What is DeFi? The term “decentralized finance,” sometimes known as “DeFi,” refers […]
Founder: MakerDAO should consider removing DAI from USD
MakerDAO founder Rune Christensen wants to transfer DAI’s collateralization away from USDC in light of the current Tornado Cash and frozen USDC addresses scandal. The decentralized autonomous organization’s (DAO) members have been advised by MakerDAO founder Rune Chirstensen to “seriously consider” planning for the depeg of its DAI stablecoin from the US dollar (USD). The […]
LOVE-001 Looks Uncertain After MakerDAO Rejection
MakerDAO finally rejected a proposal to create LOVE-001 with 60.17% votes against and 38.28% of votes in favor MakerDAO votes against creation of LOVE-001 MakerDAO decided today against establishing an oversight group whose job it would have been to inform MKR owners about the nuances of upcoming proposals. A proposal to substantially alter the governing […]