Bitcoin24h $85,927.02-3.21%

Ethereum24h $2,348.39-4.84%

XRP24h $2.22-3.71%

BNB24h $614.87-1.92%

Solana24h $139.73-0.67%

Dogecoin24h $0.2083-1.31%

Cardano24h $0.6663-2.01%

TRON24h $0.2287-0.46%

Chainlink24h $15.52+1.50%

Litecoin24h $128.92+7.46%

MakerDAO could back a billion Dai with Ethena’s ‘synthetic dollar’ USDe

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 is DeFi, really?

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.

MakerDAO invests in treasuries and bonds to earn yield on reserves as regulators consider crackdown against stablecoins.