DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
Submitted by Anonymous (not verified) on Wed, 08/23/2023 - 22:20The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
Popular decentralized finance (DeFi) platform MakerDAO has blocked US-based users’ access to its lending platform Spark Protocol.
Maker (MKR) has enjoyed a sharp 23% rally today, but if the data of this on-chain metric is anything to go by, this rise may not last too long.
Paradigm Capital's transfer follows venture capital firm a16z depositing $7 million of MKR to Coinbase.
Paradigm Capital's transfer follows venture capital firm a16z depositing $7 million of MKR to Coinbase.
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.
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