Sky, formerly known as MakerDAO, to launch USDS on Solana via Wormhole

Sky, formerly known as MakerDAO, plans to launch its decentralized stablecoin, USDS, on Solana using the Wormhole interoperability protocol. Rune Christensen, Sky’s founder, announced the move during the ongoing Solana Breakpoint conference on Sept. 20. According to DefiLlama data, Sky is the sixth-largest DeFi protocol, with a total value of assets locked on the platform […]

The post Sky, formerly known as MakerDAO, to launch USDS on Solana via Wormhole appeared first on CryptoSlate.

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Maker DeFi Protocol Has Now Rebranded To Sky

One MKR token will be redeemable for 24,000 SKY tokens, making individual tokens more affordable.

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Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans

MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to zero. This move effectively prevents any new borrowing from these vaults and lowers WBTC’s loan-to-value […]

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Grayscale Unveils MakerDAO Trust, MKR Rises 7% Following Launch

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Grayscale Expands Suite with MakerDAO MKR Fun

Grayscale Investments Ltd has launched a new fund focusing on investing in MakerDAOs governance token known as MKR.…

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Grayscale unveils MakerDAO-focused trust, enhancing DeFi access for investors

Grayscale has launched a crypto investment trust fund for MakerDAO, according to an Aug. 13 statement shared with CryptoSlate. This fund, named the Grayscale MakerDAO Trust, will give investors direct exposure to MakerDAO’s native MKR token. The firm stated: “MKR provides investors exposure to an on-chain credit protocol, stablecoins, real-world assets, and more, through MakerDAOs […]

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BitGos Partnership with BiT Global Causes Controversy Over Justin Suns Involvement

BitGo CEO Mike Belshe downplays MakerDAOs concerns over Justin Sun's involvement, citing reputation over actual risk.

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DEF buys patent to stop lawsuits against MakerDAO and Compound

The patent for oracle-like data storage contained technology that was already in existence, DEF said.

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MAKER PRICE ANALYSIS & PREDICTION (July 29) MKR Finds Support But Can It Hold Strong Following A 2% Daily Surge?

Maker is currently in a downward range after rejecting a key level two weeks ago. However, it appeared to have found temporal support and is now gaining traction following a small increase since yesterday. After dropping for almost three months, Maker reached an exhaustion selling point and bounced briefly above […]

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Growing Interest In $MKR Driven By Strong Fundamentals And Strategic Investments

Interest in $MKR has surged recently, primarily due to its robust financial performance and strategic potential. MakerDAO, the project behind $MKR, is generating $85 million in quarterly revenue, reaching an all-time high. With nearly all $MKR coins already in circulation, the project stands out in a market where many are […]

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MakerDAOs Stellar Growth And The Bullish Case For $MKR

MakerDAO has achieved an impressive milestone, marking five consecutive quarters of revenue growth. Despite this, $MKR continues to trade at historical price-to-sales (P/S) lows, making it an enticing prospect for investors. The anticipation surrounding the rebrand and launch of NewStable further solidifies $MKR as a token too cheap to ignore. […]

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Maker Metrics Under The Microscope: Clues To MKRs Price Path Ahead

Amidst the crypto market resurgence, the smart contract platform Maker and its native token MKR have experienced a challenging period, with MKR demonstrating a consistent downtrend after reaching a yearly high of $4,070 in April, plummeting to as low as $2,440 just one week later.  Dive into the protocols key metrics and observe notable levels [...]

The post Maker Metrics Under The Microscope: Clues To MKRs Price Path Ahead appeared first on Crypto Breaking News.

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MakerDAO and Sherlock team up for historic $1.35M security audit contest

MakerDAO partners with Sherlock for a record-breaking $1.35 million audit contest, launching on July 8 and ending on Aug. 5, to ensure top-tier security for its Endgame phase.

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MakerDAO delegates $11M in tokens stolen in phishing scam

The user fell victim to the phishing scam after signing multiple phishing signatures, which resulted in the loss of their digital assets.

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BlockDAGs New Dashboard Steals Spotlight: Investors Impressed with 800% Coin Value Surge Amidst Render Price and Maker News

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MakerDAO and Aaves DeFi conflict reopens over DAIs perceived risk growth

Aave has reduced its loan-to-value requirements for DAI after MakerDAOs stablecoin gained indirect exposure to Ethenas USDe.

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Maker DAOs Governance Token MKR Plunges 11% As Whales Move Tokens To Exchanges

The governance token of the Maker DAO protocol, $MKR, faced a significant decline of up to 11% today, reflecting the ongoing volatility in the cryptocurrency market. Spotonchain, an on-chain analytics platform, provided insights into whale activity surrounding MKR tokens, revealing notable movements to centralized exchanges (CEX).  Whale address 0x09e/0xdbb made […]

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Aave proposes risk parameter adjustments for DAI as MakerDAO prepares for upgrade

Aave is proposing a new framework as it gears up for the DeFi competition, ahead of MakerDAO's upgrade plans this year.

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DAI Circulation Approaches 5 Billion As MakerDAO Unleashes Key Updates

In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent changes. Over the past few weeks, MakerDAO has implemented significant updates to the protocol and the DAI stablecoin.  Introducing the Accelerated [...]

The post DAI Circulation Approaches 5 Billion As MakerDAO Unleashes Key Updates appeared first on Crypto Breaking News.

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MAKER PRICE ANALYSIS & PREDICTION (April 10) MKR Turns Weak After Rejecting $1.8k, Can it Regain Momentum?

Following a sudden surge to a key resistance yesterday, MKR faced a rejection and wicked down. This led to a major loss in the past hours and is now showing signs of weakness on the day as selling resumes. This month, MKR witnessed a little setback after signaling bullish last month. The setback caused serious [...]

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