Maker DAO

MakerDAO Votes to Double Down on US Treasuries

MakerDAO, the decentralized organization behind the Maker protocol and its DAI stablecoin, voted to more than double its US Treasury holdings.

DeFi

USDC Depegs as Silicon Valley Bank Contagion Spreads

Stablecoin USDC de-pegged after Circle admitted at least $3.3B of USDC's reserves are stuck in the insolvent Silicon Valley Bank.

DeFi

MakerDAO Announces Spark Protocol, Its Aave Competitor

DeFi giant MakerDAO announced it will launch a new lending protocol called Spark Protocol, which aims to compete with Aave.

DeFi

MakerDAO Co-Founder Dead at 29

The Co-Founder of MakerDAO was found dead at the age of 29 after some concerning tweets.

DeFi

MakerDAO Proposed to De-Peg DAI & Dump 3.5B USDC from Its Treasury

MakerDAO's co-founder Rune Christensen proposed the DAO dump all its USDC–about $3.5B worth. Christensen wants to buy ETH with the funds.

DeFi

Terra’s UST Stablecoin is now the #3 Stablecoin in Crypto

Terra (LUNA) stablecoin, UST, just passed Binance USD (BUSD) to become the third most valuable stablecoin, and the most valuable algorithmic stablecoin.

DeFi

Justin Sun’s Tron Protocol Will Launch Its USDD Stablecoin with 30% APY

Justin Sun recently announced that his blockchain, Tron, will be launching its own algorithmic stablecoin, USDD, with a 30% annual yield.

Maker DAO

MakerDAO is Diversifying Into the Real World by Issuing Loans to Tesla

MakerDAO just made a $7.8M loan to Tesla as part of their efforts to back up their stablecoin with real world assets.

Terra (LUNA)

Stablecoin Wars: Terra LUNA is Trying to Depeg Maker DAO's DAI Stablecoin

Terra is at war with Maker DAO and its DAI stablecoin. Terra is starting a new Curve war with Maker DAO, and it partnered with serious Convex whales to choke out DAI's liquidity.

L2

Blockchain Services Firm StarkWare Raises at a $2B Valuation

StarkWare, an Israeli blockchain services firm, announced it raised a Series C equity round at a $2 billion valuation.

Metamask Teases Potential Token with Rumored Airdrop

Ethereum Name Service (ENS)

This Week In Crypto

MetaMask teases an airdrop, Coinbase launches a wallet, Metis Bridge and the Maker Wormhole are coming to ETH, and ENS had a large airdrop.

Metis

Metis Bridge and the Maker Wormhole are Coming to Ethereum

Optimistic Rollup Ethereum L2 Metis announced a $100 million fund. Maker announced the Wormhole, an oracle-driven bridge with low fees.