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MakerDAO Votes to Keep Gemini USD in DAI Stablecoin's Reserves

www.coindesk.com

In a dramatically tight voting, some 51% of votes favored ousting Gemini's stablecoin from MakerDAO's reserve. The result is a significant blow to GUSD, as MakerDAO has held 85% of all tokens in circulation.

Read in Full: www.coindesk.com
Bitcoin MKR
$ 3633

Timeline of Multi-collateral-dai, Maker


MakerDAO voting to limit DAI exposure to Gemini amid insolvency fears - The Block

MakerDAO has begun the process that could see the protocol limit the DAI's exposure to Gemini's stablecoin. The post MakerDAO voting to limit DAI exposure to Gemini amid insolvency fears appeared first on The Block.


MakerDAO plans to make a $100M move according to this new proposal - AMBCrypto

MakerDAO, recently proposed to onboard $100 million worth of USDC into a iearnfinance on-chain vault. This move, according to the proposal, would give MakerDAO an estimated yield of 2% annually.


Financial Giant Société GénÉrale Withdraws $7 Million in DAI From MakerDAO Vault - CryptoGlobe

France-based multinational financial services giant Société Générale has withdrawn $7 million in the cryptocurrency-backed stablecoin DAI from MakerDAO, out of a vault that has a debt ceiling of $30 million in DAI.


Investment firm Société Générale mints $7 million in stablecoin loan from MakerDAO - The Block

Société Générale, a French multinational investment bank and financial services company, has minted $7 million in DAI from MakerDAO. The post Investment firm Société Générale mints $7 million in stablecoin loan from MakerDAO appeared first on The Block.


MakerDAO enters this new partnership: How will MKR react to it? - AMBCrypto

In a recent turn of events, BlockTower Credit, an asset management firm, partnered with MakerDAO and Centrifuge to bring $220 million worth of real-world assets (RWA) into the DeFi ecosystem.


MakerDAO set to implement parameter changes; a look at lending markets - AMBCrypto

In a new proposal, the Open Market Committee of the MakerDAO governance team is seeking community approval to implement some parameter changes to the operation of the decentralized finance protocol (DeFi) in light of recent events in the lending vertical of the DeFi ecosystem.


MakerDAO to execute bundled governance actions, including pay for delegates - The Block

MakerDAO is set to execute what the protocol has called its most important deployments of 2022 which includes compensation for delegates. The post MakerDAO to execute bundled governance actions, including pay for delegates appeared first on The Block.


MakerDAO's latest developments could have this effect on MKR and its holders - AMBCrypto

MakerDAO announced a new proposal that would remove REN BTC vaults Their revenue through real-world assets increased, however, TVL declined In a tweet dated 10 December, MakerDAO revealed that they would be off-boarding various vault types with risk exposure. One of them would be REN-BTC vaults if the new proposal is passed.


Why MakerDAO's TVL has continued to drop in the first week of December - AMBCrypto

 MakerDAO's TVL plunged over the past week  Its price suffered as well, declining drastically over the past few days  MakerDAO [MKR] experienced a substantial drop in its total value locked over the last seven days. This is unusual, considering that its contemporaries mostly saw some upside in their TVL.


Will MKR investors ‘Make' it through the last days of 2022? This data suggests - AMBCrypto

MakerDAO introduced a new token to add to its collateral Revenue generated increased due to real world assets and plans to increase yields get approved MakerDAO, in a new proposal on 3 December, decided to increase the yields gained by DAI holders. Along with that, MakerDAO also added new tokens to their collateral.

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