DAI-gestresstes MakerDAO hat Probleme, wenn Benutzer auf andere Stablecoins blicken

Während seine DAI-Stablecoin letzte Woche ihre Parität zum US-Dollar wiedererlangte, führte die zunehmende Unsicherheit darüber, ob mit einer weiteren De-Pegging zu rechnen ist, zu einem Rückgang des gesperrten Gesamtwertes (TVL) von MakerDAO MKR in den letzten sieben Tagen.

Timeline of Maker

The annualized fee income of leading decentralized finance protocol MakerDAO [MKR] has declined since the collapse of Silicon Valley Bank (SVIB) on 10 March, data from MakerBurn revealed.

MakerDAO passed a proposal to increase its US Treasury bond holdings by 150% to $1.25 billion. The move aims to diversify its liquid assets and boost revenue stream through a net annualized yield of 4.6% to 4.5%.

As the FUD around stablecoins gathers steam, many DeFi protocols have started to implement changes and proposals to their networks. MakerDAO, for instance, has deployed new parameters to mitigate the risk against the volatility of stablecoin markets.

MakerDAO is making moves aimed at protecting against exposure to risk associated with stablecoins. This is in response to USDC's recent de-pegging which reignited concerns about stablecoins under unfavorable market conditions.

Due to the decline in the prices of its underlying assets, the total supply of DAI, MakerDAO's decentralized stablecoin, has since dropped by 50% from its early 2022 peak, data from Delphi Digital revealed.

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project's stablecoin, DAI.

On March 11, MakerDAO issued an “urgent executive proposal” to mitigate any risks to the protocol associated with its USDC tail risk exposure. Make DAO has over 3.1 billion USDC in collateral backing its DAI stablecoin.

The collapse of Silvergate and Silicon Valley Bank has thrown the banking industry into crisis, potentially impacting stablecoins. Proposed changes aim to limit MakerDAO's exposure to risky collaterals and maintain liquidity.

Maker (MKR/USD) price formed a double-top pattern as a vote on capital deployment continued. The MKR token retreated to a low of $855.36, the lowest point since March 3 of this year. It has plunged by about 12.1% from its highest level this year.

Maker [MKR], at press time, was one of the market's biggest weekly gainers, despite the overall bearish sentiment in the crypto-market. In fact, it recorded gains of 10% compared to Bitcoin's [BTC] 4.6% depreciation over the last 7 days.