While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids.
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.
MakerDAO could have planned for its "Black Swan" event last week.
So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.
MakerDAO is not pursuing its emergency shutdown option although the amount of uncollateralized dai continues to grow.
A large drop in the price of ether is testing the feasibility of Ethereum's entire system of lending and borrowing.
Demand for DeFi lending services built on ethereum shows a pattern of inverse relationship to the price of ETH. When ether prices are falling, the amount of ETH locked in DeFi tends to rise. Most recent data indicate the relationship operates the other way, too.
The DeFi market hitting $1 billion in locked crypto is something even the most fervent ethereum skeptics would have a tough time dismissing as meaningless.
Though the industry is growing rapidly, a very small portion of addresses hold the majority of assets being locked and borrowed in the DeFi space.
Decentralized finance (DeFi) applications are popping off Tuesday, and the ETH price spike isn't the whole story.
WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.
There's a "digital money" section on the show floor of this year's CES. MakerDAO's DAI is the only crypto with a booth.
Combined, the VCs have the second largest private stake in the MKR ecosystem.
The bitcoin community may soon have its own version of ethereum’s flagship decentralized finance (DeFi) platform.
An ethereum developer has flagged an attack on MakerDAO that could turn $20 million of MKR into $300 million of ETH.