DeFi projects gained speed in the past few months as locked in value reaches $9.02 billion. It has been reported that Aave continues to be the largest DeFi project, with $1.71 billion locked, followed by MakerDAO with $1.43 billion, Balancer at $1.36 billion, Curve Finance at $1.26 billion, yearn.finance at $953.6 million, and Synthetix with $871 million. However, Yearn’s YFI token surged 75% in the past day, with its price hitting $38,883 on Binance, as the price moved its m

Delta Exchange, a crypto derivatives platform, has announced the launch of an interest rate swap contract for DAI, MakerDAO’s dollar-pegged stablecoin. It has been reported that the contract will allow its purchasers to enter interest swaps on the Dai Savings Rate, which the exchange sees as a way for Maker (MKR) borrowers to fix their stability fee interest payments that are routed into the Savings Rate as earnings for DAI holders. However, interest rate swaps are a type of

DeFi lending startup Teller has recently raised $1 million in seed funding to build its first algorithmic credit risk protocol for decentralized finance. The product will provide aggregated aggregated data into the DeFi lending markets through its interaction with legacy credit scoring systems such as Equifax. 🙌🙌 Today we are excited to announce our $1M fundraise led by @hiFramework followed by @paraficapital & @Maven11Capital We look forward to bringing undercollateraliz

Paradigm has incubated its first crypto project, an Ethereum-based DeFi protocol, Yield Protocol promising fixed-rate lending and interest markets. A researcher from crypto-asset investment firm, Paradigm co-authored the whitepaper for the DeFi, lending protocol boasting fixed-interest rates. On May 8 the announcement was made stating that the whitepaper for Yield protocol was written by Paradigm’s Dan Robinson and Allan Niemberg. I’m excited to announce Yield, a company brin

MakerDAO governance has voted to pull Bitcoin to the Ethereum blockchain by accepting Wrapped Bitcoin as a new collateral asset in the Maker Protocol, as for the uninitiated, wBTC is the first ERC20 token backed 1:1 with Bitcoin. On May 3, it has been reported that wBTC marks the fourth collateral asset type to be added to the MakerDAO DeFi ecosystem. The former three included: ETH, BAT, and USDT. However, wBTC will now be able to open Maker Vaults in order to generate Dai. T

The Blockchain Game Alliance (BGA), a coalition of 90 game and blockchain companies advocating for blockchain technology within the gaming industry will seek to strengthen blockchain adoption to expand player capabilities without any barriers. The Blockchain Game Alliance (BGA) announced on March 30 the appointment of Sébastien Borget as President, while further adding that companies like Ubisoft, AMD, Animoca Brands, and MakerDAO have returned as sponsors for 2020. Happy to

The MakerDAO governance has approved the USD Coin (USDC) stablecoin as the third collateral type accepted in the Maker Protocol. MakerDAO Governance Approves USDC Stablecoin as Collateral 👉 #CoinTelegraph #CryptocoinFactory #Bitcoin https://t.co/dm9Sr6p22U — CryptocoinFactory (@cryptofactory) March 18, 2020 On March 17, it has been reported that the decision was put to an extraordinary executive vote outside of the usual weekly schedule, with the aim of urgently increasing

MakerDAO, the organization behind the Dai (DAI) stablecoin, is making a bid for Dai to serve as a “real parameter” of dollar-pegged value for video game economies. Maker #DAO Launches Bounty Program to Get a Foothold in #Blockchain Gaminghttps://t.co/RyRgx6jqt2https://t.co/MGNNSkpMDb — John Morgan (@johnmorganFL) March 12, 2020 On March 11, it has been reported in a blog post that as blockchain and crypto gain increasing traction with the gaming industry, MakerDAO argues non

Major decentralized finance DeFi player MakerDAO (MKR) partnered with payment processor Simplex to create a fiat on-ramp for its Dai (DAI) decentralized stablecoin. According to an announcement on Mar. 3, the partnership makes it possible to buy Dai with the credit and debit cards of Simplex’s partner firms. Proud to enable mass market use of DeFi by adding Dai to our global #crypto on-ramp network @MakerDAO @Cointelegraph https://t.co/3yuCyftTDQ pic.twitter.com/k8HZIDEcQD —

The Maker Foundation has announced a series of governance polls that aimed at security after Micah Zoltu (the Software Developer) explained how any hacker with $20 million at their disposal could stage an attack on the MakerDAO network and steal close to $340 million. MakerDAO Responds to Dev Accusing Network of $340M Vulnerabilty https://t.co/gF4M8viizc pic.twitter.com/tvj1pPt7aW — Mantica Crypto (@ManticaCrypt) December 11, 2019 On December 9, it has been reported in a blo

MakerDAO will launch a new type of Dai (DAI) stablecoin, known as Multi-Collateral Dai (MCD). The new DAI will be backed by several types of collateral in contrast to existing Single-Collateral Dai (SCD), which will now be called Sai (SAI). The announcement was initially made in October, with the firm providing the update on Nov. 18 on the upcoming changes to Dai. Plan to Phase-out Sai In Several Months The initial plan is to phase-out Sai while there is no exact date for the