MakerDAO proposes changes post recent bull cycle, details inside

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.

Timeline of Maker

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.

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.

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, 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.

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, 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.

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.

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.

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.

Decentralized Finance protocol and builders of DAI, MakerDAO [MKR] have been involved in burning its tokens as part of its tokenomics strategy. This fascinating activity has been happening since 2018.