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Will MakerDAO's New Plan Save DAI From Becoming Another UST?

coingape.com

In the midst of the chaos that is presently plaguing the crypto market over the past twenty-four hours — with the USDC stablecoin depegging and concerns over the extent to which this will affect other cryptocurrencies — MakerDAO has devised an emergency plan to protect its native stablecoin, DAI, from further exposure to potentially unstable The post Will MakerDAO's New Plan Save DAI From Becoming Another UST? appeared first on CoinGape.

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Bitcoin MKR
$ 3571

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MakerDAO Proposes Changes To Protect Users From Centralized Stablecoin Crisis - Coincu

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.


MakerDAO's MKR price forms rare pattern amid a debt ceiling rise - Invezz

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] heading towards key demand zone – Is a reversal likely? - AMBCrypto

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.


MakerDAO Is Raking Big Money, But Why Is It Under Fire? - NewsBTC

MakerDAO, one of the first and largest DeFi protocols on Ethereum, is raking in millions of dollars. Even as it remains successful, the decentralized money market is under immense pressure from its community.


Maker token fails to hold gains despite investments - Crypto news

Stablecoin DAI is considering increasing the amount of money it invests in United States Treasury bonds from the current allocation of $500 million to a potential total of $1.25 billion.


MakerDAO proposes additional $750M in U.S Treasury Bond investments - AMBCrypto

MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, has proposed allocating an additional $750 million to invest in U.S Treasury bonds in order to capitalize on a favorable yield environment. The resolution, if passed, would add $750 million to the $500 million already approved in October 2022, bringing the total value to $1.25 billion.


MakerDAO faces criticism over tokenomics plan amidst high-stakes US treasury investment strategy - CryptoSlate

MakerDAO, the governance token behind the fifth most popular stablecoin DAI, is contemplating an increase in its United States Treasury bond investments to $1.25 billion from its previous allocation of $500 million.


MakerDAO proposes additional $750m investment in US bonds - Crypto news

MakerDAO is considering investing $750 million in US Treasurys to take advantage of the current yield environment, with the proposal expected to increase the ceiling to $1.25 billion.


MakerDAO's governance token sees a 37% decrease in 24H trading volume - CryptoSlate

MakerDAO, the governance token behind the fourth largest stablecoin by market capitalization DAI, has decreased in trading volume by 37% and seen a 3.7% dip in token price over the last 24 hours.


MakerDAO to remove redundant stablecoin vaults: Will MKR be affected? - AMBCrypto

Leading decentralized finance (DeFi) protocol MakerDAO [MKR] has scheduled an 8 March date to offboard its redundant stablecoin vaults. This decision came after it obtained approval from members of the protocol's governance team to do the same.

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