MakerDAO


Tech

MakerDAO Users Sue Stablecoin Issuer Following 'Black Thursday' Losses

A lawsuit against the Maker Foundation claims the DeFi platform “intentionally misrepresented the risks associated with CDP ownership.”

Maker Foundation CEO Rune Christensen (CoinDesk archives)

Tech

MakerDAO Foundation Plots Its Own Demise

The MakerDAO Foundation is getting serious about its planned obsolescence. A governance call Thursday laid out founder Rune Christensen's three pillars of full decentralization.

DISSOLUTION: MakerDAO's builders are beginning to chart out the two-year process of winding down. (Credit: Shutterstock)

Markets

How MakerDAO's Stablecoin Survived the Crash, Smart Contract Bugs and Full Decentralization

How do DeFi stablecoins actually work and what happened during the sudden, precipitous drop in crypto prices earlier this month? On today's show Andreas M. Antonopoulos leads us through a very interesting system and how it survived 'Black Thursday'.

LEIGH ALEX MOE-Recovered-Recovered

Finance

For DeFi’s Sake, Maker Should Take Blame for Black Thursday Losses

While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids.

Credit: Shutterstock

Tech

MakerDAO Adds USDC as DeFi Collateral Following 'Black Thursday' Chaos

MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg.

(HFA_Illustrations/Shutterstock)

Finance

MakerDAO's Problems Are a Textbook Case of Governance Failure

MakerDAO could have planned for its "Black Swan" event last week.

MakerDAO CEO Rune Christensen image via CoinDesk archives

Tech

Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi

So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.

Credit: Shutterstock

Tech

MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol

MakerDAO is not pursuing its emergency shutdown option although the amount of uncollateralized dai continues to grow.

(Roibu/Shutterstock)

Tech

DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop

A large drop in the price of ether is testing the feasibility of Ethereum's entire system of lending and borrowing.

PRECARIOUS: If MakerDAO were to shut down, the crypto market would be flooded with some 2.4 million ETH even as the asset’s value plummets amid broader market turmoil. (Credit: Shutterstock)

Markets

Mind the Gap: Why ETH Price and DeFi Adoption Aren't in Sync

Demand for DeFi lending services built on ethereum shows a pattern of inverse relationship to the price of ETH. When ether prices are falling, the amount of ETH locked in DeFi tends to rise. Most recent data indicate the relationship operates the other way, too.

Eth deposits in DeFi lending & price, 2019-2020 (chart)