MakerDAO
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MakerDAO Community to Set Up Circuit Breaker Mechanism to Improve Emergency Response
On March 13, the MakerDAO community has launched a new proposal to set up a “circuit breaker mechanism” that can quickly disable the PSM module in an emergency without waiting for governance delay. MakerDAO’s new proposal: It is recommended to set a “fusing mechanism” to disable the PSM module immediately in case of emergency Analysis based on this information:The MakerDAO community made a significant announcement on March 13th by proposing to establish a circuit breaker mechanism that could disable the primary supply module(PSM) in a time of emergency without waiting for governance approval. The PSM module is a critical element that maintains the stability of the MakerDAO ecosystem by keeping the DAI stable coin pegged to the value of the US dollar. The MakerDAO team has made this proposal to improve the efficiency of the emergency response system and enable quick resolutions in times of crisis. The circuit breaker mechanism consists of a smart contract that will be designed to…
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DeFi Protocol’s TVL Drops to $41.7 Billion
According to reports, DeFiLlama data showed that the TVL of DeFi protocol dropped to 41.7 billion US dollars, of which Lido ranked first with 8.41 billion US d…
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MakerDAO Governance Community Proposes Urgent Changes to USDC-Related Parameters
On March 11, the MakerDAO governance community launched an urgent proposal to change the asset risk and governance parameters related to USDC and reduce the de…
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MakerDAO Maintains Stability and Security Despite High Mortgage Rates
On March 11, the latest data released by MakerDAO on social media showed that the current mortgage rate of the Maker system was 154%, that is, 5.38 billion DAI…
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MakerDAO reports significant increase in DAIs cast through PSM
According to reports, MakerDAO said on Twitter that 736 million DAIs have been cast through PSM (USDC) in the past 24 hours, making a net increase of 296 milli…
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Ether (ETH) Drops to Two-Month Low, Posing Risks for On-Chain Positions
On March 10, it was reported that after ETH plummeted to a two-month low of $1373, several on-chain positions faced the risk of liquidation. According to DeFiL…
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Renaming DAI: Paving the Way for Decentralization
On March 10, in a conference call with community members on Thursday, Rune Christensen, the founder of MakerDAO, said that MakerDAO should rename the stable cu…
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Societe Generale’s Support for On-Chain Refinancing Market
On March 9, MakerDAO published a letter from Societe Generale Forge, a subsidiary of Societe Generale, on social media, which pointed out that the DAI withdraw…
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MakerDAO’s Proposal to Allocate $750 Million in US Treasury Bonds
It is reported that the Decentralized Autonomous Organization (DAO) MakerDAO is reviewing a proposal that will allocate an additional $750 million to invest in…
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Co-Founder of MakerDAO Switches Cryptocurrencies
It is reported that according to the monitoring data of Twitter encrypted KOL Bit embers, Rune, the co-founder of MakerDAO, sold 760000 LDOs (about 1.9 million…
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MakerDAO to Launch Offline Executive Voting for USDC-A, USDP-A, and GUSD-A Vaults
According to reports, MakerDAO tweeted that it would launch the offline USDC-A, USDP-A and GUSD-A executive voting on March 8, 2023. At that time, the executio…
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Interpretation of the message:
On March 1, according to the data monitoring of Bitcoin Ember, an analyst on the chain, Rune, the co-founder of MakerDAO, has purchased about 20449 MKRs throug…
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MakerDAO Community Rejects Cogent’s $100 Million Borrowing Proposal
According to the report, according to the governance website of the MakerDAO agreement, the MakerDAO community rejected the proposal of the United States Cogen…
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Navigating the Future of Decentralized Finance
12:00-21:00 Keywords: Voyager, Cardano, Goerli, MakerDAO
Overview of important developments in the evening of February 26
Interpretation of the ne…
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MakerDAO Co-Founder’s Token Markets Move Sparks Interest in Crypto Community
According to the report, according to the chain analyst Lookonchain, Rune, the co-founder of MakerDAO, has sold 18.8 million LDOs and bought 27 million DAIs, 7…
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The Importance of Third-Party Front-end Providers in MakerDAO
On February 25, it was reported that because Jump Crypto and Oasis jointly recovered 120000 ETH Wormhole stolen funds through reverse attack, MakerDAO issued a…
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MakerDAO expands exposure through MakerVaults
It is reported that MakerDAO tweeted that MakerVaults is expanding the available exposure of users to ETH liquid collateral derivatives, and is currently makin…
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Dai Foundation Transfers Management of MakerDAO to TechOps
On February 21, the Dai Foundation announced at the MakerDAO Forum that the Dai Foundation had transferred the management of the MakerDAO Github organization t…
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MakerDAO GitHub Organization Transferred to TechOps Core Unit
On February 20, MakerDAO announced that \”The Dai Foundation has transferred the management of MakerDAO Github organization to TechOps Core Unit, hoping to redu…
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MakerDAO’s Future Governance: Centralized or Decentralized?
On February 16, Hasu, the strategic director of Flashbots and the strategic consultant of Lido Finance, forwarded a message on social media that a series of pr…