Bitcoin24h $122,269.05+1.62%

Ethereum24h $4,527.47+1.01%

XRP24h $3.05+0.20%

BNB24h $1,176.92+8.74%

Solana24h $232.44-0.15%

Dogecoin24h $0.2587-0.83%

TRON24h $0.3427-0.00%

Cardano24h $0.8695+0.06%

Hyperliquid24h $49.84-0.51%

Chainlink24h $22.62-0.94%

Richard Heart pokes MakerDAO to ‘do the funniest thing’ and rug-pull

The decentralization of MakerDAO is again under scrutiny after a copy of its DAI stablecoin failed to maintain its $1 peg on Pulsechain.

Ethereum Foundation denies rumors of Maker liquidation

The Ethereum Foundation has never been liquidated in DeFi, yet some people thought that it might suffer its first ETH liquidation today.

A Maker community member raised concerns over a fast-tracked governance proposal that relaxes restrictions on borrowing against MKR.

While keen to avoid being labeled as a stablecoin, Ethena’s USDe is being used as such across some of DeFi’s biggest players.

While Aave and Maker (now Sky) founders basked in a ‘DeFi renaissance moment,’ some less well-known projects were losing millions.