Token holders for the programmatic loan system MakerDAO have once again signaled support for raising fees through a now-weekly online poll.
Starting tomorrow, the winning proposal from this poll will enter into a secondary round of voting call the “executive vote” whereby MKR token holders ratify the fee increase and formally activate it within the system.
These fees make it essentially more expensive for users of the MakerDAO system to take out loans and mint new dollar-pegged stablecoins, dubbed DAI, into circulation.
Is Coinbase going to solve the thorny challenges of proof-of-stake (PoS) blockchain governance or centralize those systems even further?
That’s the question experts in the space are pondering with the recent announcement that Coinbase Custody will offer staking support for Maker, Tezos and Cosmos. The move means institutional investors will be able to vote on blockchain governance matters directly through their Coinbase accounts.
Investors who hold tokens in the programmatic lending protocol MakerDAO appear likely to approve a fifth fee increase that would further raise the cost of platform’s US dollar-backed stablecoin DAI.
Since Monday, five different options have been presented to MakerDAO token holders, all of which suggested different possible increases to the platform’s “stability fee,” the most extreme being a 4 percent increase.
Who runs the MakerDAO Foundation?
Questions over an ongoing board shakeup flamed tensions Tuesday during a weekly community call, with participants asking pointed questions about who controls a $190 million pot of MakerDAO governance tokens.
Stepping back, the MakerDAO Ecosystem Growth Foundation, or MakerDAO Foundation for short, is a non-profit entity that launched the dollar-pegged stablecoin DAI back in December 2017 along with a programmatic loan system to keep the value of DAI stable.
Not without an ample dose of skepticism, 2018 can indeed be referred to as the year of the stablecoin. Amid total backlash against Tether, and yet high demand for stable cryptocurrency as a means of settlement, a growing cohort of stable coin solutions were rolled out to the market.
Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the market’s major stablecoins. Adding to its support for MakerDao’s Dai and Tether’s USDT, the sister platforms recently listed USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX) and Gemini USD (GUSD). All stablecoins available on the exchanges will be traded against the U.S. dollar.
Launched in 2018, Ethfinex is Bitfinex’s ERC-20 exchange arm.
Специалисты из BitMEX Research проанализировали два популярных стейблкоина — BitUSD, основанный на BitShares, и DAI, основанный на MakerDAO, чтобы изучить механизмы сохранения стоимости этих двух криптовалют, пишет The Next Web.
Компания MakerDao, стоящая за криптовалютой DAI, объявила о запуске совместной со стартапом TradeShift программы, которая предназначена для организации быстрых блокчейн-платежей для малого бизнеса. Об этом пишет CoinDesk.
Сегодня, 6 июля, MakerDao объявил, что их стабильная монета DAI проходит тестирование совместно с решением Tradeshift Cash.