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MakerDAO has unveiled new concepts in its Endgame plan, which includes the introduction of two new stablecoins:
•Newstable: A new easy-to-use stablecoin that works with the Maker ecosystem, offering DAI users new benefits and better earnings. It will have its own website and app.
•PureDAI: A version of DAI that’s fully decentralized, using only decentralized assets like ETH and STETH, with less governance and a flexible price. It’s designed for stable growth.
MakerDAO hopes to grow the total DAI supply to over 100 billion.
#makerdao #MakerDAODynamics #maker #EarnFreeCrypto2024 #buythedip
•Newstable: A new easy-to-use stablecoin that works with the Maker ecosystem, offering DAI users new benefits and better earnings. It will have its own website and app.
•PureDAI: A version of DAI that’s fully decentralized, using only decentralized assets like ETH and STETH, with less governance and a flexible price. It’s designed for stable growth.
MakerDAO hopes to grow the total DAI supply to over 100 billion.
#makerdao #MakerDAODynamics #maker #EarnFreeCrypto2024 #buythedip
#maker THE CENTRAL BANK OF THE CRYPTO SPACE?
With the most dominated stablecoin market share among all, Maker’s core purpose is to be a worldwide reserve bank for the crypto space, presenting the concept of DeFi to the broader finance community. Maker's primary function issue and manage the USD-pegged stablecoin called DAI. The protocol then offers a lending and borrowing framework that allows users to produce DAI tokens by collateralizing assets such as ETH, liquid staked ETH, BTC, or any other existing Ethereum-based tokens.
$MKR $ETH $BTC
With the most dominated stablecoin market share among all, Maker’s core purpose is to be a worldwide reserve bank for the crypto space, presenting the concept of DeFi to the broader finance community. Maker's primary function issue and manage the USD-pegged stablecoin called DAI. The protocol then offers a lending and borrowing framework that allows users to produce DAI tokens by collateralizing assets such as ETH, liquid staked ETH, BTC, or any other existing Ethereum-based tokens.
$MKR $ETH $BTC
🔐 MakerDAO Multisign Transfer: 505 MKR Sent to Wintermute Trading OTC
In a recent transaction, the multisign address 0xBbA associated with MakerDAO moved 505 MKR, valued at approximately $1.91M, to Wintermute Trading OTC. The transfer occurred within the last 7 hours, with the MKR tokens priced around $3,788.
🛠️ Address: 0xBbA4C8eB57DF16c4CfAbe4e9A3Ab697A3e0C65D8
#maker
In a recent transaction, the multisign address 0xBbA associated with MakerDAO moved 505 MKR, valued at approximately $1.91M, to Wintermute Trading OTC. The transfer occurred within the last 7 hours, with the MKR tokens priced around $3,788.
🛠️ Address: 0xBbA4C8eB57DF16c4CfAbe4e9A3Ab697A3e0C65D8
#maker
The MakerDAO governance poll to increase the weETH capacity in SparkLend has been approved.
🔹Increase the weETH supply cap to 200,000 weETH
🔹Increase the weETH isolation mode debt ceiling to 200 million DAI
#maker #makerdao #weETH #BinanceTournament #Megadrop
🔹Increase the weETH supply cap to 200,000 weETH
🔹Increase the weETH isolation mode debt ceiling to 200 million DAI
#maker #makerdao #weETH #BinanceTournament #Megadrop
MakerDAO has approved Phase 1 of the LITE-PSM-USDC-A migration plan.
Key changes include:
🔹Self-custody of USDC: MakerDAO will hold USDC in its own wallet instead of relying on traditional banks.
🔹Gas efficiency: Reducing gas costs through a new DAI management system.
🔹No Fees for Authorized Parties : LitePSM permits fee-setting on swaps while offering zero fees for authorized parties, enhancing Maker Governance's flexibility.
#maker #makerdao #MakerDAO-Linked #BinanceTurns7 #BinanceTournament
Key changes include:
🔹Self-custody of USDC: MakerDAO will hold USDC in its own wallet instead of relying on traditional banks.
🔹Gas efficiency: Reducing gas costs through a new DAI management system.
🔹No Fees for Authorized Parties : LitePSM permits fee-setting on swaps while offering zero fees for authorized parties, enhancing Maker Governance's flexibility.
#maker #makerdao #MakerDAO-Linked #BinanceTurns7 #BinanceTournament
A whale lost 55.47M DAI in a phishing attack
How did it happen?
👇
The whale carelessly signed an unknown transaction 13 hours ago, setting the owner of his 55.47M #DAI in #maker to the phishing address"0x0000db5c...41e70000". #MtGoxRepayments #BinanceLaunchpoolDOGS
How did it happen?
👇
The whale carelessly signed an unknown transaction 13 hours ago, setting the owner of his 55.47M #DAI in #maker to the phishing address"0x0000db5c...41e70000". #MtGoxRepayments #BinanceLaunchpoolDOGS
⚡ Coin of the day by social activity - Maker DAO (MKR).
14 November 2023
MakerDAO is a decentralized autonomous organization (DAO) that employs a two-token system, including DAI collateral-backed stablecoin and MKR, a governance token that is used by stakeholders to maintain the system and manage Dai.
$MKR #maker #makerdao #DAI #MKR #DAO
14 November 2023
MakerDAO is a decentralized autonomous organization (DAO) that employs a two-token system, including DAI collateral-backed stablecoin and MKR, a governance token that is used by stakeholders to maintain the system and manage Dai.
$MKR #maker #makerdao #DAI #MKR #DAO
We noticed that 2 smart traders bought $MKR recently!
0x3737 bought 1,465 #MKR ($3.63M) at an average price of $2,476 since June 27.
0x3737 previously bought 1,884 #maker ($2.18M) at $1,157 and sold it at $1,406, making ~$468K.
0x3737 also holds 3.58T #PEPE ($30.87M) and has a profit of over $30M on PEPE
0xCf9b spent 2M #USDT to buy 777 MKR at $2,587 9 hours ago.
0xCf9b previously bought 1,575 MKR ($4.53M) at $2,879 and sold it at $3,083, making ~$321K.
0x3737 bought 1,465 #MKR ($3.63M) at an average price of $2,476 since June 27.
0x3737 previously bought 1,884 #maker ($2.18M) at $1,157 and sold it at $1,406, making ~$468K.
0x3737 also holds 3.58T #PEPE ($30.87M) and has a profit of over $30M on PEPE
0xCf9b spent 2M #USDT to buy 777 MKR at $2,587 9 hours ago.
0xCf9b previously bought 1,575 MKR ($4.53M) at $2,879 and sold it at $3,083, making ~$321K.
Maker (MKR) price surges past previous highs, sparking concerns about further surges amidst 2-year high in profitable addresses.
$MKR #maker #makerdao #MKR #Onchain #OnChainAnalysis
https://blockchainreporter.net/maker-price-soars-past-peak-after-20-months-sending-profitable-addresses-to-new-highs-is-mkr-price-set-for-2000/
$MKR #maker #makerdao #MKR #Onchain #OnChainAnalysis
https://blockchainreporter.net/maker-price-soars-past-peak-after-20-months-sending-profitable-addresses-to-new-highs-is-mkr-price-set-for-2000/
M^0 is pleased to announce its participation in the Tokenization Grand Prix by Spark, a project focused on advancing tokenized yield-bearing assets and their integration into decentralized finance.
#Spark #m0foundation #BinanceTurns7 #BinanceHODLerBANANA #maker
#Spark #m0foundation #BinanceTurns7 #BinanceHODLerBANANA #maker
MakerDAO-Linked Wallet Deposits 500 MKR ($1.42M) to Binance
A wallet associated with MakerDAO has made a notable move by depositing 500 MKR (valued at $1.42M) to Binance after 13 days of inactivity. The transaction was facilitated through a middle wallet.
Transaction: 0xce5e96c757a82aebd9b19f45ea567686a234dcb9ffcf4839776fa8bd5e2d0173
Main Address: 0xbba4c8eb57df16c4cfabe4e9a3ab697a3e0c65d8
Middle Address: 0x1cC12FED5e2D09DDBb61Bec70574B4cF0d1A5825
Key Observations:
Linked Wallets: Two wallets linked to UHDC/MakerDAO, 0xbba and 0x7fd, have collectively deposited 13,650 MKR to Binance at an average price of $2,811, totaling $38.37M, since April 22, 2024.
Impact on MKR Price: The price of MKR has shown a tendency to drop following these deposits.
Current Holdings: The two wallets still hold 14,155 MKR, valued at approximately $40.38M.
Address 1: 0xbba4c8eb57df16c4cfabe4e9a3ab697a3e0c65d8
Address 2: 0x7fda46250dbc2eb3a24d11374dd1380ce69e75e4
Stay tuned for more updates on significant market activities and whale movements in the crypto space!
$MKR #maker
A wallet associated with MakerDAO has made a notable move by depositing 500 MKR (valued at $1.42M) to Binance after 13 days of inactivity. The transaction was facilitated through a middle wallet.
Transaction: 0xce5e96c757a82aebd9b19f45ea567686a234dcb9ffcf4839776fa8bd5e2d0173
Main Address: 0xbba4c8eb57df16c4cfabe4e9a3ab697a3e0c65d8
Middle Address: 0x1cC12FED5e2D09DDBb61Bec70574B4cF0d1A5825
Key Observations:
Linked Wallets: Two wallets linked to UHDC/MakerDAO, 0xbba and 0x7fd, have collectively deposited 13,650 MKR to Binance at an average price of $2,811, totaling $38.37M, since April 22, 2024.
Impact on MKR Price: The price of MKR has shown a tendency to drop following these deposits.
Current Holdings: The two wallets still hold 14,155 MKR, valued at approximately $40.38M.
Address 1: 0xbba4c8eb57df16c4cfabe4e9a3ab697a3e0c65d8
Address 2: 0x7fda46250dbc2eb3a24d11374dd1380ce69e75e4
Stay tuned for more updates on significant market activities and whale movements in the crypto space!
$MKR #maker
Today, there has been an unexpected influx of funds from whales into $MKR .
Based on on-chain data, in the previous days, whale capital flow was parallel to the price trend of #maker .
However, today, whales unexpectedly accumulated an additional +2.86K $MKR , equivalent to approximately +$5.76M. The Smart Money wallet file also shows small and consistent accumulations.
Notice that, 1 hour ago, a large amount of #MKR was transferred to Coinbase from various wallets. What will happen next?
Based on on-chain data, in the previous days, whale capital flow was parallel to the price trend of #maker .
However, today, whales unexpectedly accumulated an additional +2.86K $MKR , equivalent to approximately +$5.76M. The Smart Money wallet file also shows small and consistent accumulations.
Notice that, 1 hour ago, a large amount of #MKR was transferred to Coinbase from various wallets. What will happen next?
MakerDAO has launched a custom dashboard in partnership with BlockAnalitica to track the performance of MakerDAO's LitePSM.
#makerdao #maker $MKR #MKR #BlackRockETHOptions #MarketDownturn
#makerdao #maker $MKR #MKR #BlackRockETHOptions #MarketDownturn
Smart Trader Scores Big with MKR Short Position
A savvy trader has just cashed in on a lucrative MKR short position, netting a profit of approximately $292.4K.
The trader initiated the short position on July 19th by borrowing 500 MKR from Aave and subsequently selling it for $1.37 million in USDC. Demonstrating astute market timing, the trader repurchased the necessary MKR to repay their debt just 16 hours ago at a significantly lower cost of $1.07 million USDC.
This strategic move resulted in a substantial profit, showcasing the trader's ability to capitalize on market fluctuations. The trader's address, 0x1772dbc5529151c8190404b4d2c25f9f5d5eb3ef, has been identified as the key player in this successful trade.
This incident highlights the potential rewards and risks associated with short selling in the volatile cryptocurrency market.
#MKR #maker #eyeonchain $MKR
A savvy trader has just cashed in on a lucrative MKR short position, netting a profit of approximately $292.4K.
The trader initiated the short position on July 19th by borrowing 500 MKR from Aave and subsequently selling it for $1.37 million in USDC. Demonstrating astute market timing, the trader repurchased the necessary MKR to repay their debt just 16 hours ago at a significantly lower cost of $1.07 million USDC.
This strategic move resulted in a substantial profit, showcasing the trader's ability to capitalize on market fluctuations. The trader's address, 0x1772dbc5529151c8190404b4d2c25f9f5d5eb3ef, has been identified as the key player in this successful trade.
This incident highlights the potential rewards and risks associated with short selling in the volatile cryptocurrency market.
#MKR #maker #eyeonchain $MKR
MakerDAO Approves Proposal To Expand US Treasury Bond Holdings By 150% To $1.25 Billion
On March 16, lending protocol and stablecoin issuer MakerDAO passed a proposal to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.
The proposal aims to increase the protocol’s exposure to real-world assets and high-quality bonds following the Dai stablecoin losing its $1 peg during market volatility on March 11. The $750 million debt ceiling hike was approved by 77% of Maker’s delegates.
MakerDAO plans to use $750 million of USDC in the PSM to purchase more US Treasury bonds, diversifying its liquid assets that back DAI. The bonds will be purchased with equal maturities, biweekly and over a six-month period, totaling 12 slots of $62.5 million each. MakerDAO expects to deliver a net annualized yield of 4.6% to 4.5% after custody and also aims to boost its revenue stream by trading costs.
The proposal would allow Maker “to take advantage of the current yield environment, and generate further revenue on Maker’s PSM Assets, in a flexible, liquid manner,” according to the proposal. Treasury’s yields for 10-year constant maturity were at 3.64% on March 14, according to Federal Reserve data.
The proposal was well-received, with 77% of Maker’s delegates voting in favor of it. MakerDAO will deploy the debt ceiling increase under the same terms and transaction mechanisms as set out and approved in MIP65. The debt ceiling increase will be deployed under a structure based on MIP65 to hold assets and mitigate any single entity exposure concerns. The implementation of the asset strategy will be carried out by Sygnum Bank under an execution mandate set out in a MakerDAO resolution instruction.
MakerDAO’s decision to increase its portfolio holdings of US Treasury bonds is expected to generate further revenue and reduce risks associated with volatile market conditions. The proposal was well-received by the DAO and is expected to be executed in a flexible, liquid manner to take advantage of the current yield environment. The move towards real-world assets and high-quality bonds is expected to improve the stability of MakerDAO’s stablecoin Dai and boost investor confidence.
#makerdao #maker #DAI #azcoinnews #MKR
This article was republished from azcoinnews.com
The proposal aims to increase the protocol’s exposure to real-world assets and high-quality bonds following the Dai stablecoin losing its $1 peg during market volatility on March 11. The $750 million debt ceiling hike was approved by 77% of Maker’s delegates.
MakerDAO plans to use $750 million of USDC in the PSM to purchase more US Treasury bonds, diversifying its liquid assets that back DAI. The bonds will be purchased with equal maturities, biweekly and over a six-month period, totaling 12 slots of $62.5 million each. MakerDAO expects to deliver a net annualized yield of 4.6% to 4.5% after custody and also aims to boost its revenue stream by trading costs.
The proposal would allow Maker “to take advantage of the current yield environment, and generate further revenue on Maker’s PSM Assets, in a flexible, liquid manner,” according to the proposal. Treasury’s yields for 10-year constant maturity were at 3.64% on March 14, according to Federal Reserve data.
The proposal was well-received, with 77% of Maker’s delegates voting in favor of it. MakerDAO will deploy the debt ceiling increase under the same terms and transaction mechanisms as set out and approved in MIP65. The debt ceiling increase will be deployed under a structure based on MIP65 to hold assets and mitigate any single entity exposure concerns. The implementation of the asset strategy will be carried out by Sygnum Bank under an execution mandate set out in a MakerDAO resolution instruction.
MakerDAO’s decision to increase its portfolio holdings of US Treasury bonds is expected to generate further revenue and reduce risks associated with volatile market conditions. The proposal was well-received by the DAO and is expected to be executed in a flexible, liquid manner to take advantage of the current yield environment. The move towards real-world assets and high-quality bonds is expected to improve the stability of MakerDAO’s stablecoin Dai and boost investor confidence.
#makerdao #maker #DAI #azcoinnews #MKR
This article was republished from azcoinnews.com
Maker Protocol Deploys Parameter Changes To Reinforce DAI Peg
Maker Governance, the decentralized autonomous organization behind the Maker Protocol, has made a series of emergency parameter changes aimed at reducing Maker’s exposure to volatile centralized stablecoins and reinforcing the DAI peg. These changes were deployed following an emergency executive vote that took place on Saturday, March 11, 2023.
The changes that have been made to the Maker Protocol include an increase in the USDC PSM USDC→DAI swap fee from 0% to 1%, a reduction in the USDP PSM USDP→DAI swap fee from 0.2% to 0%, an increase in the USDP PSM DAI→USDP swap fee from 0% to 1%, a reduction in the USDC PSM daily mint limit from 950 million DAI to 250 million DAI, and a reduction in the GUSD PSM daily mint limit from 50 million DAI to 10 million DAI.
Additionally, Maker Governance has increased the USDP PSM daily mint limit from 50 million DAI to 250 million DAI, increased the USDP PSM debt ceiling from 450 million DAI to 1 billion DAI, reduced the UNIV2USDCETH-A debt ceiling from 50 million DAI to 0 DAI, reduced the UNIV2DAIUSDC-A debt ceiling from 100 million DAI to 0 DAI, reduced the GUNIV3DAIUSDC1-A debt ceiling from 100 million DAI to 0 DAI, and reduced the GUNIV3DAIUSDC2-A debt ceiling from 100 million DAI to 0 DAI.
Maker Governance has also reduced the DIRECT-AAVEV2-DAI target borrow rate from 2% to 0% and reduced the DIRECT-COMPV2-DAI target borrow rate from 2% to 0% to deactivate D3M.
The rationales behind these changes are varied. The increase in the USDC PSM USDC→DAI swap fee aims to discourage swapping USDC for DAI via the PSM. The USDP PSM changes seek to enable USDP to provide liquidity in case DAI goes above the peg and limit USDP swaps for riskier stablecoins. The GUSD PSM changes aim to limit potential losses due to contagion risk.
Read more: https://azcoinnews.com/maker-protocol-deploys-parameter-changes-to-reinforce-dai-peg.html
#markerdao #maker #DAI #Stablecoins
The changes that have been made to the Maker Protocol include an increase in the USDC PSM USDC→DAI swap fee from 0% to 1%, a reduction in the USDP PSM USDP→DAI swap fee from 0.2% to 0%, an increase in the USDP PSM DAI→USDP swap fee from 0% to 1%, a reduction in the USDC PSM daily mint limit from 950 million DAI to 250 million DAI, and a reduction in the GUSD PSM daily mint limit from 50 million DAI to 10 million DAI.
Additionally, Maker Governance has increased the USDP PSM daily mint limit from 50 million DAI to 250 million DAI, increased the USDP PSM debt ceiling from 450 million DAI to 1 billion DAI, reduced the UNIV2USDCETH-A debt ceiling from 50 million DAI to 0 DAI, reduced the UNIV2DAIUSDC-A debt ceiling from 100 million DAI to 0 DAI, reduced the GUNIV3DAIUSDC1-A debt ceiling from 100 million DAI to 0 DAI, and reduced the GUNIV3DAIUSDC2-A debt ceiling from 100 million DAI to 0 DAI.
Maker Governance has also reduced the DIRECT-AAVEV2-DAI target borrow rate from 2% to 0% and reduced the DIRECT-COMPV2-DAI target borrow rate from 2% to 0% to deactivate D3M.
The rationales behind these changes are varied. The increase in the USDC PSM USDC→DAI swap fee aims to discourage swapping USDC for DAI via the PSM. The USDP PSM changes seek to enable USDP to provide liquidity in case DAI goes above the peg and limit USDP swaps for riskier stablecoins. The GUSD PSM changes aim to limit potential losses due to contagion risk.
Read more: https://azcoinnews.com/maker-protocol-deploys-parameter-changes-to-reinforce-dai-peg.html
#markerdao #maker #DAI #Stablecoins
In the last 26 hours, the whale 0xCf9 made significant moves involving $MKR and USDT.
They withdrew 1574.94 MKR from AAVE and promptly sold them for $4.56M worth of USDT. Following this, they deposited the $4.56M USDT into Binance.
Interestingly, each sale of MKR led to a sudden drop in its price.
These actions suggest a deliberate strategy to sell MKR holdings and convert them into USDT, possibly indicating a desire to liquidate MKR assets.
Address: 0xCf9bfaf7E7ED48d85f2487B8FeD07852a5e93Ad1
#MKRUSDT #maker
They withdrew 1574.94 MKR from AAVE and promptly sold them for $4.56M worth of USDT. Following this, they deposited the $4.56M USDT into Binance.
Interestingly, each sale of MKR led to a sudden drop in its price.
These actions suggest a deliberate strategy to sell MKR holdings and convert them into USDT, possibly indicating a desire to liquidate MKR assets.
Address: 0xCf9bfaf7E7ED48d85f2487B8FeD07852a5e93Ad1
#MKRUSDT #maker
MakerDAO Rebrand Fails to Halt MKR Price Decline
Despite MakerDAO's rebranding to the Sky Ecosystem, Maker (MKR) has dropped 44% recently, now sitting at a key support level of $1,260.
MakerDAO Rebrands to Sky Ecosystem
After 10 months of work, MakerDAO is transitioning MKR to Sky (SKY) and Dai to Sky USD (USDS), with 1 MKR redeemable for 24,000 SKY tokens. The rebrand will unfold in four phases, including Governance AI tools and a NewChain launch.
MKR Price Struggles
Despite rebrand excitement, MKR has declined, breaking below the $2,200 support level. If $1,260 holds, a rebound could target $2,200, but a drop below may deepen the downtrend.
#MarketSentimentToday #Write2earn #makerdao #maker #MakerRebrand $MKR
Despite MakerDAO's rebranding to the Sky Ecosystem, Maker (MKR) has dropped 44% recently, now sitting at a key support level of $1,260.
MakerDAO Rebrands to Sky Ecosystem
After 10 months of work, MakerDAO is transitioning MKR to Sky (SKY) and Dai to Sky USD (USDS), with 1 MKR redeemable for 24,000 SKY tokens. The rebrand will unfold in four phases, including Governance AI tools and a NewChain launch.
MKR Price Struggles
Despite rebrand excitement, MKR has declined, breaking below the $2,200 support level. If $1,260 holds, a rebound could target $2,200, but a drop below may deepen the downtrend.
#MarketSentimentToday #Write2earn #makerdao #maker #MakerRebrand $MKR
