On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to
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Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar.
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MakerDAO Is Raking Big Money, But Why Is It Under Fire?
MakerDAO, one of the first and largest DeFi protocols on Ethereum, is raking in millions of dollars. Even as it remains successful, the decentralized money
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Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.
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Maker (MKR) Survives Onslaught With 21% Gain As Other Top 100 Cryptos Suffocate
In the midst of an onslaught in the crypto market today, only one crypto made the biggest gain: Maker (MKR). At the time of writing,
Read moreMaker (MKR) Ignores Market Downtrends, Gains Over 15% In One Week
Maker Foundation’s governance token, MKR, seems to be ignoring the evaporative bearish trend that hit almost all coins across the crypto market. Its gains over
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