Tag Archives: Maker DAO

Since the year began, Maker has witnessed a growth in daily active addresses and new demand for the token. 

While MakerDAO’s governance token MKR’s rally was significant, some voices from the market expressed apprehensions about its sustainability.

By effectively controlling the supply and demand dynamics of stablecoin DAI, MakerDAO has attracted users back towards its fold.

The MakerDAO community passed proposal GOV12.1.2 to introduce the Enhanced Dai Savings Rate (EDSR). While this happened, MKR’s price shot up by 15%.  

MKR could be considered as one of the best performing cryptocurrencies especially considering its performance in the last seven days. Additionally, whales were seen buying the token too, which negated any chances of a price correction in the near future.

Paxos, in a new proposal, is asking MakerDAO to promote the use of its USDP stablecoin and increase the USDP Debt Ceiling. MKR has seen increased accumulation in the past few weeks. In a new proposal, Stablecoin issuer Paxos proposed the payment of monthly marketing fees to the leading decentralized finance (DeFi) protocol, MakerDAO, toContinue reading “MakerDAO: New proposal seeks the promotion of USDP and the increment of…”

MakerDAO voted to implement the DSR that would see DAI holders get 1% of their investments DAI, currently the fourth largest stablecoin, witnessed a decline in volume over the last 24 hours MakerDAO, the governance division of Maker, the company that issues DAI, recently voted on the addition of interest rates in a proposal on 28Continue reading “The latest proposal from MakerDAO could have this impact on DAI”

MakerDAO managed to witness some significant improvements in its performance over the past 30 days. According to data from Messari, the deposit, withdrawal and borrow volume grew significantly over the past month. The deposit volume grew by 15.35% along with the withdrawal volume. Furthermore, the overall borrow volume grew by 40.36% and 61.70% respectively. ThisContinue reading “Maker: Assessing the bursting whale interest in MKR and its impact on investors “

Maker DAO’s MKR token was among the best performers in the last four weeks. Its bulls have dominated during this time but multiple factors currently suggest that they might be about to take a break. Here’s AMBCrypto’s price prediction for Maker [MKR] for 2022-2023 MKR traded at $1,116 at press time which represented an 89%Continue reading “Reasons Maker [MKR] could slip below the $900 level in the next few days “

MakerDAO was seen witnessing some dominance in the DeFI market as of 15 October. And one of the reasons for this development could be the constant introduction of new proposals to improve the protocol on the whole. _____________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for MakerDAO for 2022-2023. _____________________________________________________________________________________ Storm incoming!! According to a tweet that wasContinue reading “MakerDAO: Can these developments maintain MKR’s ongoing green streak”

MKR holders that aped in towards the end of September are pleased with their decision considering the healthy run-up in the last two weeks. The Maker DAO native token earned its way into the list of top gainers after a 43% upside from its September lows. MKR’s current upside was aided by Maker DAO’s stabilizingContinue reading “Can MakerDAO’s latest development drive MKR towards its next bull rally”

When MakerDAO’s [MKR] co-founder introduced the Endgame Plan for the protocol, community members were hopeful of a change in decision making and governance mechanisms. It has been more than a month now, and a new report by Crypto Risk Assessments pointed out the repercussions that this plan may present. This further included the threat thisContinue reading “What MakerDAO’s ‘Endgame Plan’ means for Curve’s liquidity pools”