Decoding the reasons behind Maker's [MKR] upward momentum
Short sellers were forced to cover their bets on Maker MKR after the asset experienced a sudden and dramatic price increase. The MVRV has shifted position due to the recent pricing movement, making it overvalued.
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Timeline of Maker
MakerDAO proposes changes post recent bull cycle, details inside - AMBCrypto
Leading DeFi platform MakerDAO [MKR] has proposed changes to some of its vaults, in a bid to better align them with risk and incentivize growth. This move comes as borrowing rates on MakerDAO and other DeFi platforms have risen in recent months due to market bullishness and the surge in risk appetite.
Massive Whale Activity for Ethereum-Based Altcoin Suggests Big Breakout Incoming: Santiment - The Daily Hodl
Booming crypto whale activity in one altcoin built on Ethereum (ETH) is hinting at a major trend reversal, according to blockchain analytics firm Santiment. Santiment says that Maker (MKR), a well-established decentralized finance (DeFi) protocol that uses smart contracts to power stablecoin-based loans, has seen its largest whale transaction in more than three months.
MakerDAO: Whales extend solidarity as MKR braces for key battle on this front - AMBCrypto
According to data from Santiment, MakerDAO [MKR] recorded its largest whale activity in more than three months after two identical transactions worth $17.4 million were made on the network.
MakerDAO Clarifies Jump Reverse Attack Doesn't Involve Its Smart Contract - Coincu
Key Points: Jump Crypto and Oasis jointly recovered 120,000 ETH of Wormhole stolen funds through a reverse attack, MakerDAO issued a Twitter statement. The difference between the Maker Protocol and third-party front-end providers.
MakerDAO Presents Crypto Endgame, This Is What We Know - Bitcoinist
MakerDAO, one of the first decentralized finance (DeFi) Protocols built and established in the Ethereum blockchain, plans to launch Spark Lend (SL), a lending market focused on “liquid, decentralized, and high market cap assets.
MakerDAO community proposes Spark Protocol, details inside - AMBCrypto
Dai [DAI] is among the front-runners in the stable cryptocurrency market. By market capitalization, CoinMarketCap places it as the fourth-largest stablecoin and the seventeenth-largest cryptocurrency overall.
MakerDAO is set to temporarily shut down its Teleport L2 Gateways - AMBCrypto
MakerDAO, through its Governance Facilitator(s) and Starknet Engineering and Protocol Engineering Core Units, has proposed to redeploy its Teleport Layer 2 (L2) Gateways as part of several changes to be implemented to the DeFi protocol.
MakerDAO Sees A 42% Decline In Revenue In 2022 - Coincu
Key Points: MakerDAO's revenue has dropped dramatically in 2022, with the decision to switch to real assets being the protocol's primary source of income. According to the study, MarkerDAO overall income fell by 42% from 112 million DAI ($112 million) in 2021 to 65 million DAI in 2022.
MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions - Coindesk
With “scientific sustainability” as a core principle, the Maker Constitution is to play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund.
MakerDAO has a new proposal to increase Compound D3M Debt Ceiling - AMBCrypto
In a new proposal, the Open Market Committee of leading decentralized finance platform (DeFi) MakerDAO has sought community approval to increase the maximum debt ceiling on its Compound DAI Direct Deposit Module (Compound V2 D3M) by 300% and to set the Target Available Debt on the same vault to 5 million DAI.
