MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects
DAI stablecoin proprietor MakerDAO offered up an AI-heavy roadmap for the future with plans for a new blockchain.
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MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI and sDAI.
Blockchain and crypto leaders converged at DAO Tokyo as Japan increases adoption
Japan has taken strides of late to adopt and integrate decentralized technologies within both government and businesses.
Uniswap funds DAO incentive improvement project
The project will provide at least three proposals for Uniswap incentive mechanisms by June.
CFTC allegations and $1 billion lawsuit for Binance: Law Decoded, March 27–April 3
Five days after the CFTC move, a new $1 billion lawsuit was filed against the crypto exchange by the law firm representing three American investors.
MakerDAO passes new ‘constitution’ to formalize governance process
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities.
MakerDAO passes proposal for $750M increase in US Treasury investments
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure.
Debtors saved over $100M using de-pegged stablecoins to repay loans
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar.
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.
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.