Community Bailouts in DeFi: Restoring the DAI Peg

DeFi	2020-3-18 13:54

A lack of Maker borrowers minting DAI to sell on the open market for a profit is causing the stablecoin to overshoot its peg. Various initiatives are underway to bring the DAI...The post Community Bailouts in DeFi: Restoring the DAI Peg appeared first on Crypto Briefing.

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dai peg restoring bailouts defi community underway

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Источник: cryptobriefing.com

dai peg → Результатов: 21

‘No Other Option but More Collateral’: The Short- (and Long-) Term Fixes for Dai’s Broken Peg

Stablecoin demand in yield farming is breaking dai's peg. Solutions revolve around USDC and Maker's version of QE, but will these measures last?

2020-9-12 21:22
dai peg around revolve solutions breaking usdc

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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 its dollar peg.

2020-3-18 19:10	DeFi
makerdao defi usdc response coin system stablecoin

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Maker’s Stability Drops 8 Percent to 5.5 APR as DeFi Sentiment Picks Up

Maker Protocol’s stability fee is voted into existence with MakerDAO’s governance mechanism. The stability fee is what helps keep DAI’s peg afloat, and the confirmation of a reduction to 5.

2019-10-29 01:30
stability fee dai maker defi along inread

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Trump Advisor and Former Fed Nominee Launches Fractional Reserve Stablecoin

Stephen Moore, Trump’s initial nominee for the post of Federal Reserve Chairman and close campaign advisor, has announced his latest venture – Frax – that runs a U. S. dollar stablecoin.

2019-10-22 13:37	United States
reserve stablecoin trump nominee advisor frax dollar

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Ether Price Drop Shakes DAI Stablecoin Peg, Two Collateral Contracts Closed

The reliability and weaknesses of the decentralized stablecoin DAI and the ecosystem built on it have been shown by the recent Ether price drop

2019-9-26 00:55	Smart Contracts
ether stablecoin dai price drop built shown

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SwanDAI: Hedging Against the Inherent Risks of DAI

Ethereum bears have consistently called DAI an unreliable stablecoin, as the peg is dependent on supply and demand stemming from Collateralized Debt Positions (CDPs) on MakerDAO. Similarly, those leveraging DAI to stack 10-14 percent of interest a year might be worried about the DAI peg collapsing.

2019-9-11 21:00	ethereum
dai swandai peg introduces collapsing synthetic token

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Will Ethereum-collateralized DAI resuscitate or will it collapse?

MakerDao’s stablecoin, Dai, which is collateralized with cryptocurrency [Ethereum by default], is collapsing, according to Preston Byrne. In his tweet thread, Byrne described that the peg for Dai has been weakening over the years and his prediction of it being “a bunch of twaddle” had turned out to be true.

2019-7-15 18:30	News
dai byrne ethereum-collateralized resuscitate collapse had twaddle

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MakerDAO finally lowers its stability fee as Dai overshoots peg

MakerDAO token holders voted to decrease the stability fee on the Dai stablecoin by 2 percent to 17. 5 percent. Executed on May 28, this will be the first time the fee has been lowered in over five months.

2019-6-6 22:18	Stablecoins
dai fee makerdao stability stablecoin lowers finally

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Maker’s Dai approaches $1 peg following aggressive interest rate hikes and Tether fallout

Interest rates for MakerDAO have exploded to 19. 5 percent over the course of three months to combat its stablecoin Dai from trading below its $1 peg. However, the gap has narrowed over the last three weeks, partially from factors entirely outside of Maker.

2019-5-6 13:31	MakerDAO
maker dai interest peg three hikes aggressive

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DAI Has Been Struggling to Maintain Its $1 Peg, but the MakerDAO Community Believes It Will Soon Be Crypto’s ‘Default’ Stablecoin

Ether and instability: What MakerDAO needs to do before DAI can become crypto’s “default” stablecoin.

2019-4-27 21:57	Cryptocurrencies
stablecoin makerdao default crypto dai ether needs

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Maker Community Votes to Raise Stability Fee as Dai Struggles to Hold $1 Peg

For more than two weeks the dai stablecoin has sat below its $1 peg, and has been trading for roughly $0. 97 over the last seven days. This has given concern to the Maker Dao community which has decided to raise the dai stability fee to 11.

2019-4-13 20:45	Stablecoins
dai maker peg fee community raise stability

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Is DAI Losing Its Peg?

While eth’s price fell for much of last year, forced closure of Collateralized Debt Positions (CDPs) counter-balanced dai sell-pressure. Now that eth’s price is rising, questions have been raised on.

2019-3-17 17:48	#tokens
dai price eth peg losing questions rising

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MakerDAO Votes to Raises Ethereum-backed Loan Interest Rate by 2.0 Percentage Points

MakerDAO, a decentralized autonomous organization that provides crypto collateralized loans, voted to raise interest rates from 1. 5 percent to 3. 5 percent. The vote is a continuation of two February rate increases in an attempt to curb its Ethereum-backed stablecoin, Dai, from trading below its $1.

2019-3-10 05:50	Stablecoins
interest rate ethereum-backed makerdao dai peg below

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MakerDAO Votes to Raise Ethereum-backed Loan Interest Rate by 2.0 Percentage Points

2019-3-10 05:50	Stablecoins
makerdao rate interest ethereum-backed raise below dai

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MakerDAO Users Vote on ‘Stability Fee’ Increase as DAI Stablecoin Peg Wobbles

Maker responds to market maker concerns about liquidity with new fee increase proposal

2019-3-6 13:23	StableCoin
increase maker fee market responds concerns liquidity

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A Fee Hike Might Be Coming to DAI Stablecoin, But MakerDAO Is Holding A Vote First

MakerDAO is the home of the DAI stablecoin, which is backed by Ethereum. However, the current design of the coin has led to some concerns from the developers during their weekly call on the 28th of February.

2019-3-6 05:15	News
stablecoin dai makerdao suggested february 28th call

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Dai Maintains Peg To Dollar, Despite Bearish Ether Market

“Stable, but built on tears,” says one redditor.

2018-11-22 01:29	cryptocurrencies and tokens
built tears says redditor one stable market

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With New Exchange Listings and Demand, New Stablecoins See Pegs Broken

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs.

2018-10-17 01:17	Digital assets
tether market price trading tusd stablecoins usdt

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As Tether’s Peg Slips, Bitcoin Price Is Distorted Across Market

Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.

2018-10-16 22:06	Digital assets
trading usdt btc bitcoin price tether usd

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

2018-10-3 19:05	Digital assets
tether stablecoin coins model stablecoins dai these

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OKX rebrands and launches crypto exchange, wallet in the Netherlands

OKX, one of the largest centralized exchanges (CEX) by trading volume, announced the launch of its CEX and a web3 wallet in the Netherlands. On June 3, the exchange shared on X that it will support more than 150 cryptocurrencies…

Bitcoin reaches the $69k mark after a series of large investments

The Bitcoin (BTC) price has gained bullish momentum, surpassing the $69,000 mark, after a bearish weekend. BTC is up by 1.3% in the past 24 hours and is trading at $69,080 at the time of writing. The flagship cryptocurrency’s market…

Japanese Exchange DMM Bitcoin Falls Victim To $305 Million Hack

DMM Bitcoin, one of Japan’s largest cryptocurrency exchanges, recently suffered a major setback when it reported a loss of 48 billion yen ($305 million) in Bitcoin (BTC) due to a security breach.

Vitalik Buterin donates 30 ETH to Tornado Cash legal defense as he develops a ‘compliant’ version

Ethereum's Vitalik Buterin donates to Tornado Cash devs, supporting legal battles and advocating for privacy in crypto transactions. The post Vitalik Buterin donates 30 ETH to Tornado Cash legal defense as he develops a ‘compliant’ version appeared first on Crypto Briefing.

ZKasino Gives Users 72 Hours to Retrieve Their Ether

Aggrieved users have been given a 72 hour window to bridge their ether {{ETH}} back to the Ethereum blockchain after having deposits locked up for more than a month.

ENS Labs eyes Layer-2 migration for enhanced scalability and reduced fees

ENS Labs has announced ENSv2, a significant upgrade to the Ethereum Name Service involving a migration to a Layer 2 network. The proposed ENSv2 aims to improve scalability and reduce gas fees by shifting core functionalities from the Ethereum mainnet…

Sandbox unveils The Sandbox DAO to make the virtual world fully community-driven

Decentralized gaming platform Sandbox has launched The Sandbox DAO, a decentralized autonomous organization (DAO). The DAO will allow the game’s users holding its native token, SAND, and the LAND nonfungible tokens (NFTs) to vote on various network improvements to the…

2020-3-18 13:54

dai peg → Результатов: 21

2020-9-12 21:22

2020-3-18 19:10

2019-10-29 01:30

2019-10-22 13:37

2019-9-26 00:55

2019-9-11 21:00

2019-7-15 18:30

2019-6-6 22:18

2019-5-6 13:31

2019-4-27 21:57

2019-4-13 20:45

2019-3-17 17:48

2019-3-10 05:50

2019-3-10 05:50

2019-3-6 13:23

2019-3-6 05:15

2018-11-22 01:29

2018-10-17 01:17

2018-10-16 22:06

2018-10-3 19:05

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