MakerDAO
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Ethereum ecosystem receives nearly $500 million in funding in 2022-23
#EthereumFoundation reported deploying nearly $500 million to ecosystem projects in 2022 and 2023, according to its 2024 annual report. Of this, $240.3 million came directly from the foundation, with the rest contributed by various organizations within the #Ethereum community, including #MakerDAO (now #Sky ), #Optimism , #Gitcoin, and #Uniswap.
#EthereumFoundation reported deploying nearly $500 million to ecosystem projects in 2022 and 2023, according to its 2024 annual report. Of this, $240.3 million came directly from the foundation, with the rest contributed by various organizations within the #Ethereum community, including #MakerDAO (now #Sky ), #Optimism , #Gitcoin, and #Uniswap.
#MakerDAO founder, Rune Christensen, bought $SHIB before the price surged sharply again!
• He bought 7.41B $SHIB with 100K $USDC for the first time on Mar 1. The price then soared by ~60%.
• He bought 17.629B $SHIB with 400K $USDC again 12 hours ago. The price then rose by ~20%.
Just coincidence? 🤔
Will the price rise the next time that he buys? Follow Crypto Gems Network
#SHIB #SHIB/𝗨𝗦𝗗𝗧 #TrendingTopic
• He bought 7.41B $SHIB with 100K $USDC for the first time on Mar 1. The price then soared by ~60%.
• He bought 17.629B $SHIB with 400K $USDC again 12 hours ago. The price then rose by ~20%.
Just coincidence? 🤔
Will the price rise the next time that he buys? Follow Crypto Gems Network
#SHIB #SHIB/𝗨𝗦𝗗𝗧 #TrendingTopic
#MakerDAO is planning to revolutionize the #DeFi landscape through a groundbreaking proposal that entails strategic enhancements and collaborations with #SparkDAO , #EtheneLabs , and #MorphoLabs . The proposal introduces a Direct Deposit Module (D3M) integration with Morpho's sUSDe/DAI and USDe/DAI vaults, empowering SubDAOs and activating hedged perpetual exposure strategies managed by Spark post-launch. These initiatives aim to transform investment strategies, bolster DeFi product development, and optimize financial efficiency. Increasing USDC reserves also strengthens system robustness and stability. Spearheaded by @RuneKek, this collaborative effort signifies a pivotal moment in DeFi innovation, promising heightened protocol revenue, competitive user strategies, and a more interconnected and efficient ecosystem. MakerDAO is poised to lead the way in the evolution of DeFi.
#MakerDAO , one of the first decentralized finance (#DeFi ) Protocols built and established in the #Ethereum #blockchain , plans to launch Spark Lend (SL), a lending market focused on “liquid, decentralized, and high market cap assets.”
#crypto2023
#crypto2023
#MakerDAO announced that Maker Vaults are expanding their available exposure to #ETH liquid staking derivatives.
#crypto2023 #dyor
#crypto2023 #dyor
MakerDAO faces criticism over tokenomics plan amidst high-stakes US treasury investment strategy
The new plan proposes an increase to $1.25 Billion in US treasury bond investments, more than twice its current holdings.
#Ufin #LucidHoang #MakerDAO #buildtogether
The new plan proposes an increase to $1.25 Billion in US treasury bond investments, more than twice its current holdings.
#Ufin #LucidHoang #MakerDAO #buildtogether
#MakerDAO votes to keep #USDC as primary collateral while rejecting the proposed diversification
#ExchangeWithKindness
#ExchangeWithKindness
#MakerDAO is reviewing a proposal to extend its existing US treasury bond investments from $500 million to $1.25 billion.
#USDT #crypto2023 #buildtogether #news
#USDT #crypto2023 #buildtogether #news
Co-Founder Of MakerDAO's Purchasing And Selling Practices
The co-founder of MakerDAO has recently engaged in several noteworthy transactions, selling Lido DAO tokens and purchasing MakerDAO tokens as cryptocurrency volatility has increased. Over 18.8 million Lido DAO tokens were sold by the co-founder for 27 million DAI, along with 7,553 MakerDAO tokens for $4.67 million and 92 ETH, with an average selling price of $1.68.
The co-founder then went on to spend 4.44 million DAI, 2.8 million Lido DAO tokens, and 604,000 USDT to purchase 15,092 MakerDAO tokens. The typical cost of a purchase was $644.
It's important to remember that these transactions took place when the cryptocurrency market was experiencing greater volatility. It is unknown what prompted the co-founder of MakerDAO to make these decisions, but some observers think that it may have something to do with his belief in the project's long-term viability.
On the Ethereum blockchain, MakerDAO is a decentralized autonomous organization. It enables users to create and exchange Dai, a stablecoin linked to the US dollar. Dollar. The Maker token (MKR), which is used to run the system and decide on its future course, is a key component of the MakerDAO ecosystem.
A liquid staking system called Lido DAO, on the other hand, enables users to earn staking rewards on their Ethereum holdings without locking up their tokens. Staked Ethereum is represented by Lido tokens, which users can trade on a variety of decentralized marketplaces.
A vote of confidence in the MakerDAO project, which has been gaining traction in the DeFi field, might be inferred from the co-choice founder's to sell Lido DAO tokens and purchase MakerDAO tokens. Recently, MakerDAO's total value locked topped $5 billion, making it one of the most well-liked DeFi protocols.
#MKR #MakerDAO #DeFi #crypto2023
The co-founder then went on to spend 4.44 million DAI, 2.8 million Lido DAO tokens, and 604,000 USDT to purchase 15,092 MakerDAO tokens. The typical cost of a purchase was $644.
It's important to remember that these transactions took place when the cryptocurrency market was experiencing greater volatility. It is unknown what prompted the co-founder of MakerDAO to make these decisions, but some observers think that it may have something to do with his belief in the project's long-term viability.
On the Ethereum blockchain, MakerDAO is a decentralized autonomous organization. It enables users to create and exchange Dai, a stablecoin linked to the US dollar. Dollar. The Maker token (MKR), which is used to run the system and decide on its future course, is a key component of the MakerDAO ecosystem.
A liquid staking system called Lido DAO, on the other hand, enables users to earn staking rewards on their Ethereum holdings without locking up their tokens. Staked Ethereum is represented by Lido tokens, which users can trade on a variety of decentralized marketplaces.
A vote of confidence in the MakerDAO project, which has been gaining traction in the DeFi field, might be inferred from the co-choice founder's to sell Lido DAO tokens and purchase MakerDAO tokens. Recently, MakerDAO's total value locked topped $5 billion, making it one of the most well-liked DeFi protocols.
#MKR #MakerDAO #DeFi #crypto2023
🔥🔥🔥 Crypto Loans Surpass #rwa as Main Revenue Drivers for #MakerDAO
#bullish sentiments are resurfacing in the crypto space following last year's gains, and an interesting trend within MakerDAO suggests a return of optimistic leveraged bets.
MakerDAO's revenue matrix indicates a significant shift, with DeFi-native loans now constituting 50.1% of the projected $243 million annual revenue for the protocol. According to data from Steakhouse Financial's MakerDAO dashboard on Dune Analytics, crypto-backed loans contribute $2.4 billion to MakerDAO's stature, expected to generate $122 million in revenue.
Surprisingly, this surpasses the revenue from Maker's real-world asset (RWA) vault, which is estimated at $107 million annually.
The resurgence of crypto-backed lending marks a return to familiar territory for Maker, as DeFi-native lending was a major revenue driver, delivering up to $200 million annually during DeFi's peak in 2021. Following a challenging period for DeFi lending during a bear market and significant market downturns, Maker and other resilient protocols like Aave have weathered the storm, outlasting smaller players in the space.
The resurgence of crypto loans, driven by the market's doubling to $1.7 trillion, reflects renewed risk appetite. Maker's role in lending DAI, with over half its revenue from crypto loans, indicates bullish market sentiment. This trend may signal a move towards riskier assets, driven by expectations of potential US Federal Reserve rate cuts. MakerDAO's robust earnings, regardless of #DEFI rates compared to Fed rates, are highlighted by a recent $100 million injection into real-world assets as part of its "Endgame" plan for DAI decentralization.
Source - cryptopotato.com
#CryptoNews
#bullish sentiments are resurfacing in the crypto space following last year's gains, and an interesting trend within MakerDAO suggests a return of optimistic leveraged bets.
MakerDAO's revenue matrix indicates a significant shift, with DeFi-native loans now constituting 50.1% of the projected $243 million annual revenue for the protocol. According to data from Steakhouse Financial's MakerDAO dashboard on Dune Analytics, crypto-backed loans contribute $2.4 billion to MakerDAO's stature, expected to generate $122 million in revenue.
Surprisingly, this surpasses the revenue from Maker's real-world asset (RWA) vault, which is estimated at $107 million annually.
The resurgence of crypto-backed lending marks a return to familiar territory for Maker, as DeFi-native lending was a major revenue driver, delivering up to $200 million annually during DeFi's peak in 2021. Following a challenging period for DeFi lending during a bear market and significant market downturns, Maker and other resilient protocols like Aave have weathered the storm, outlasting smaller players in the space.
The resurgence of crypto loans, driven by the market's doubling to $1.7 trillion, reflects renewed risk appetite. Maker's role in lending DAI, with over half its revenue from crypto loans, indicates bullish market sentiment. This trend may signal a move towards riskier assets, driven by expectations of potential US Federal Reserve rate cuts. MakerDAO's robust earnings, regardless of #DEFI rates compared to Fed rates, are highlighted by a recent $100 million injection into real-world assets as part of its "Endgame" plan for DAI decentralization.
Source - cryptopotato.com
#CryptoNews
TOP 10 PROJECTS BY 7D AVG. FEES
#Uniswap - $3.5M
#Aave - $1.2M
#MakerDAO - $426.6K
#KyberNetwork - $181.8K
#GMX - $163.1K
#Curve - $96.1K
#Sushi - $86.0K
#Synthetix - $82.9K
#TraderJoe - $75.0K
#SpookySwap - $44.5K
#Uniswap - $3.5M
#Aave - $1.2M
#MakerDAO - $426.6K
#KyberNetwork - $181.8K
#GMX - $163.1K
#Curve - $96.1K
#Sushi - $86.0K
#Synthetix - $82.9K
#TraderJoe - $75.0K
#SpookySwap - $44.5K
On March 11,2023,the decentralized finance project #MakerDAO issued an emergency proposal following $USDC depegging incident.$DAI #Stablecoins
https://news.bitcoin.com/makerdao-issues-emergency-proposal-to-address-3-1b-in-usdc-collateral-after-stablecoin-depegging-incident/
https://news.bitcoin.com/makerdao-issues-emergency-proposal-to-address-3-1b-in-usdc-collateral-after-stablecoin-depegging-incident/