The number of DAI locked up in the Ethereum based Aave lending protocol almost doubled, leading into June 8. Aave is a prominent protocol in Ethereum’s decentralized finance (DeFi) ecosystem…. Read more »
Interest rates have spiked for deposits of dai, the U.S. dollar-linked stablecoin, on the decentralized finance (DeFi) platform Compound, another ripple effect from the worldwide coronavirus-related market meltdown. The annual… Read more »
J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. Does the… Read more »
Since March 12, the Makerdao community has been struggling with the stablecoin DAI which has been over $4 million undercollaterized since the crypto market carnage started. On March 18, the… Read more »
In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that… Read more »
DeFi-native insurance protocol Nexus Mutual paid out its first claims after stakers voted in favor of paying coverage to those who had taken out insurance before the first bZx exploit…. Read more »