Bitcoin24h $68,794.83+7.22%

Ethereum24h $2,064.29+11.41%

XRP24h $1.47+8.13%

BNB24h $631.69+7.77%

Solana24h $88.36+13.50%

TRON24h $0.2852+1.02%

Dogecoin24h $0.1031+12.40%

Cardano24h $0.2960+13.66%

Bitcoin Cash24h $514.17+8.06%

UNUS SED LEO24h $8.78+6.35%

Maker will be able to remotely freeze its new USDS stablecoin

Maker DAO is incentivizing DAI holders to convert their stablecoins into the new, reward-yielding USDS, which has a remote freeze capability.

MakerDAO disables WBTC borrows after Justin Sun involvement revealed

MakerDAO has passed an executive vote to disable future WBTC borrows after it was revealed that Justin Sun will soon be involved.

MakerDAO says the vault would start with a cap of 600 million Dai, which could be adjusted up to 1 billion according to demand and risk.

How decentralized are DeFi protocols with a small group of leaders with admin keys, multi-sig wallets, and wealth-based voting policies?

Dai stablecoin issuer MakerDAO has passed a proposal beginning the switch to its “Endgame Plan” that will alter many aspects of the protocol.