DAI is a decentralized stablecoin on the Ethereum blockchain, which uses smart contracts to maintain a value equal to one US dollar. DAI is supported and regulated by MakerDAO.
DAI
DAI is a decentralized stablecoin on the Ethereum blockchain, which uses smart contracts to maintain a value equal to one US dollar. DAI is supported and regulated by MakerDAO.
The decentralized stablecoin project MakerDAO saw another shake last weekend, this time caused by the bullish outlook on the crypto market. It prompted an emergency intervention by the project’s guardians and put the project in hibernated mode right before the launch of its Endgame
With the rebrand complete, two new tokens, $SKY, and $USDS, are set to be introduced, each designed to streamline governance and enhance regulatory compliance of the project.
With the rebrand complete, two new tokens, $SKY, and $USDS, are set to be introduced, each designed to streamline governance and enhance regulatory compliance of the project.
The decentralized stablecoin project MakerDAO saw another shake last weekend, this time caused by the bullish outlook on the crypto market. It prompted an emergency intervention by the project’s guardians and put the project in hibernated mode right before the launch of its Endgame
MakerDAO's founder, Rune Christensen, introduced the Endgame update to the community on May 11. The update's roadmap outlines five launch phases that involve the introduction of artificial intelligence (AI) tools to improve participation, resiliency, and efficiency.
On March 20, a vote was opened for the MakerDAO community to ‘normalize’ the parameters of the Price Stability Module (PSM). As a result, USDC remained the main reserve asset of PSM.
Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.
