MakerDAO, the organization behind the Dai (DAI) stablecoin, is making a bid for Dai to serve as a “real parameter” of dollar-pegged value...

The cryptocurrency-powered web browser, Brave, has recently bought back more than half a million Basic Attention Tokens (BAT) from advertisers according to...

Tether stands as one of the largest blockchain networks out there that supports one of the most popular forms of stablecoins in the...

A noncustodial smart wallet for both cryptocurrencies and decentralized applications has sealed fresh funding as its attempts to challenge existing offerings in the industry.Speaking...

A non-custodial smart wallet for both cryptocurrencies and decentralized applications (DApps) has sealed fresh funding as its attempts to challenge existing offerings in...

Kava has been generating quite a bit of interest in the DeFi industry lately. There are many that think it could shake up...

Reading Time: 13 minutes Software and the internet have had a relatively low disruptive impact on the financial services industry. Sure — consumer expectations have changed, and banks are doing what they can to match the online experience of the highly customizable, on-demand internet services people have grown accustomed to — but businesses models have persisted. This is in […]

A weekly developer call of the MakerDAO, the open-source developer group of decentralized, ETH-backed stablecoin DAI, came to the understanding that the coin’s dollar peg was reaching its “breaking point” due to a lack of organic demand. Concerns at the meeting mostly revolved around the DAI’s ability to hold its peg at a time when […]

Source link: MakerDAO Token Holders’ Vote Could Increase Fee For Ethereum-based Stablecoin

Mike McDonald, the creator of MKR.tools, took to Twitter to point out to the fact that nearly 1% of the total circulating supply of Ether (ETH) is now locked up in MakerDAO smart contracts. Since the circulating supply of ETH is currently 103,219,284 ETH, we come to a stunning number of a million Ether being […]