Phoenix Labs proposed increasing the capacity of weETH (wrapped ETH) on MakerDAO to meet its growing demand.

This includes raising the supply limit from 50,000 to 200,000 weETH and the debt ceiling from 50 million to 200 million DAI. The proposal is currently under community voting on MakerDAO's forum.

$ETH #makerdao #maker #MakerDAODynamics #Phoenix #Megadrop

💰📉 Stablecoin shifts in action! 🔄🔒 Delphi Digital notes: MakerDAO pumps DAI deposit rate to 8% 🚀💹. DAI takes the yield throne among stablecoins! 🏰📈 Inflow to DSR skyrockets from $1.44B to $67M 💼🌊. But, with 8% DSR, MakerDAO's annual cost hits $54M 📊💸. Est. revenue shift: $84M ➡️ $41M 📉💰 #bitcoinworld #StablecoinShifts #MakerDAODynamics

Endgame, a new version of MakerDAO, has been released on the Maker Forum. The roadmap aims to scale the DAI supply to 100 billion through four major phases: Launch Season, Scaling Up, NewChain, and Final Endgame.

1) Launch Season: Features like New Brand Reveal, New Tokens, Lockstake Engine, NewGovToken Airdrop, NewBridge, and SparkDAO launch.
2) Scaling Up: Introducing 6 SubDAOs catering to different market segments with autonomous governance.
3) NewChain: Launching an independent L1 blockchain serving as a hub for tokenomics, governance, RWA, DeFi, and bridging.
4) Final Endgame: Activation of foundational governance mechanisms locked in place for Maker Core.

#makerdao #HotTrends #Endgame #MakerDAODynamics #DAO

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