Leaked Letter Exposes Infighting Atop Flagship Ethereum Project MakerDAO
New details are emerging about a dispute at the MakerDAO Ecosystem Growth Foundation.
From Nov. 18, borrowers of DAI tokens will be able to stake multiple types of cryptocurrency collateral, not just ETH.
The most popular decentralized finance application on ethereum, MakerDAO, was built to keep a stablecoin's price stable. Under the hood, it's quite complex, featuring two separate tokens, a lending system and even a voting process. Here's how it works
Combined, the VCs have the second largest private stake in the MKR ecosystem.
A decrease to fees on stablecoin DAI failed to activate over the weekend due to a lack of voter turnout.
Dollar-backed stablecoin DAI is trading above a dollar for the first time in a long-time. MakerDAO token holders have voted to decrease fees on the stablecoin in order to address high market demand for DAI.