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 […]
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 […]