Dai

Tech

MakerDAO Adds USDC as DeFi Collateral Following 'Black Thursday' Chaos

MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above...

By William Foxley

Mar 17, 2020 at 4:10 p.m. UTC

Mar 17, 2020

LendingStablecoinsMakerDAOUSDCDAIDeFi

PRECARIOUS: If MakerDAO were to shut down, the crypto market would be flooded with some 2.4 million ETH even as the asset’s value plummets amid broader market turmoil. (Credit: Shutterstock)

Tech

Ethereum

DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop

A large drop in the price of ether is testing the feasibility of Ethereum's entire system of lending and borrowing.

By Brady Dale William Foxley

Mar 12, 2020 at 6:40 p.m. UTC

Mar 12, 2020

EthereumLendingMakerDAODAIDeFi

Finance

Payments

Coinbase Commerce Integrates Dai Cryptocurrency for Merchant Payments

This is the first new cryptocurrency added by Coinbase Commerce since it added USDC in May 2019.

By Paddy Baker

Feb 14, 2020 at 2:30 p.m. UTC

Feb 14, 2020

paymentsMerchantsMakerDAICoinbase Commerce

Tech

Venture capital

PoolTogether DeFi App Announces $1M Investment After No-Loss Lottery Payout Tops $1K

PoolTogether is announcing a $1.05 million investment round as it adds a USDC pool to its DeFi-powered "no-loss lottery."

By Brady Dale

Feb 3, 2020 at 3:00 p.m. UTC

Feb 3, 2020

Venture CapitalUSDCDAIDeFiPoolTogether

DeFi's concentrated assets. Credit: Shutterstock

Markets

Makerdao

Most of MakerDAO's Asset Value Is in Only a Few Addresses

Though the industry is growing rapidly, a very small portion of addresses hold the majority of assets being locked and borrowed in the DeFi space.

By Omkar Godbole

Jan 29, 2020 at 5:01 p.m. UTC

Jan 29, 2020

MakerDAOMakerDAICoin MetricsDeFiDigital Assets DataArcane ResearchBrandon AndersonPooled Ether (PETH)Wrapped Ether (WETH)

CES 2020 image by Brady Dale for CoinDesk

Finance

Banking

MakerDAO Pitches DeFi to the Masses at CES 2020

There's a "digital money" section on the show floor of this year's CES. MakerDAO's DAI is the only crypto with a booth.

By Brady Dale

Jan 9, 2020 at 10:25 p.m. UTC

Jan 9, 2020

BankingMakerDAODAIDeFiCES 2020

Markets

Makerdao

Dragonfly Capital, Paradigm Buy $27.5M Stake in Governing MakerDAO's Future

Combined, the VCs have the second largest private stake in the MKR ecosystem.

By Paddy Baker

Dec 19, 2019 at 5:45 p.m. UTC

Dec 19, 2019

MakerDAOMKRDAIParadigmDragonfly Capital Partners

Finance

Coinbase

DAI Is Moving Beyond Ether, But DeFi Isn't Decentralized Just Yet

MakerDAO may be diversifying the assets it works with, but it has a long way to go to decentralize the power to make key decisions.

By Leigh Cuen

Nov 18, 2019 at 11:00 p.m. UTC

Nov 18, 2019

CoinbaseEthereumMakerDAODAIDeFi

Polychain Capital founder Olaf Carlson-Wee

Tech

Ethereum

MakerDAO Proposes New DAI Ceiling After Hitting $100 Million Cap

MakerDAO loans now hold more than $339 million worth of ether. With the launch of multi-collateral DAI set for later this month, what comes next?

By Leigh Cuen

Nov 8, 2019 at 12:12 a.m. UTC

Nov 8, 2019

EthereumTokensMakerDAOStablecoinDAI

Markets

Argentina

Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America

Ledn is partnering with MakerDAO to bring the ethereum-backed stablecoin DAI to more users in Latin America.

By Leigh Cuen

Oct 29, 2019 at 1:00 p.m. UTC

Oct 29, 2019

Argentinastartupslatin americaEthereumLoansVenezuelaBitcoinMakerDAODAIuse-cases-verticals