DAI

The dai (CRYPTO: DAI) savings rate (DSR), or the rate of interest the protocol pays to dai stakers, is up for voting in MakerDAO's governance forum. The MakerDAO Open Market Committee has proposed that the DAO members vote on whether to boost the current yield rate of 0.01% to one of four...

Merchants who use a leading cryptocurrency company for their commerce solutions now have the option to accept several additional cryptos for payment. Here are the details. Faster Payments: Coinbase Commerce, a unit of Coinbase Global (NASDAQ: COIN) announced an update Tuesday that includes...

Umee brings Dai (CRYPTO: DAI) into the Cosmos (CRYPTO: ATOM) Ecosystem, in partnership with MakerDAO (CRYPTO: MKR). As a borrowing and lending DeFi hub, Umee seeks to facilitate seamless cross-chain operations. What Happened: As of June 8th 2022, Umee, partnered with MakerDAO, is bringing...

One of the most prominent bulls of the future of Bitcoin (CRYPTO: BTC) has been Michael Saylor. The CEO of MicroStrategy Inc (NASDAQ: MSTR) has put his money where his mouth is, investing his own personal money and revenue from his software company into the cryptocurrency. Here is an update on...

The governance token of MakerDAO and Maker Protocol, Maker (MKR), emerged as the top gainer last week. The two protocols, based on Ethereum (CRYPTO: ETH), allow for the issuance and management of the DAI (DAI) stablecoin. Top Gainer of Week Ending May 16, 2022 (Data via CoinMarketCap)...

Stablecoins are cryptocurrencies that have their values tethered to assets such as the U.S. dollar, precious metals such as gold, real estate and even other cryptocurrencies in order to maintain value. They were created as a response to the crypto markets' well-known volatility, providing...

A Bored Ape Yacht Club (BAYC) NFT has sold for just $115, 99.9% lower than its current floor price. What Happened: According to data from OpenSea, Bored Ape #835 sold for $115 worth of DAI (CRYPTO: DAI) on Monday. The floor price, or the minimum price to acquire a BAYC NFT, was 106 ETH worth $350,...

Major cryptocurrencies slumped Monday night with the rout denting global cryptocurrency market capitalization by 14.5% to $1.27 trillion. What Happened: The apex cryptocurrency, Bitcoin (CRYPTO: BTC), traded 7.6% lower at $32,578.56 over 24 hours at press time. BTC is down 18.81% over a seven-day...

DAI aims to cut the cord from fiat currency In Part 1 of this series, I explained the powerful potential of Decentralized Finance (DeFi) to create the financial world of the future. In that scenario … Distributed Ledger Technology replaces custodians … The risk that custodian...