MakerDAO

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. Interpretation of this information: The MakerDAO community has announced a new proposal to set up a circuit breaker mechanism as a means to disable the PSM module in an emergency. This mechanism will allow quick responses to any emergencies that arise, without having to wait for a long governance delay. The PSM module is a critical part…

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 dollars, MakerDAO ranked second with 7.03 billion US dollars, and AAVE ranked third with 4.37 billion US dollars. The TVL on the Ethereum chain fell to US $25.31 billion, and the index fell by 7% in the past 30 days (on February 11, the value was US $27.2 billion). Interpretation of this information: The DeFiLlama data shows that the Total Value Locked (TVL)…

According to the official news, the MakerDAO community has voted to approve a series of emergency proposals for parameter change launched yesterday. The submitted parameter change plan will be deployed within 48 hours, i.e. 16:14 UTC time on March 13. Interpretation of this information: The MakerDAO community has approved a series of proposed emergency changes for their platform. The changes will be implemented within 48 hours, with a scheduled deployment time of 16:14 UTC on March 13. The proposal for the parameter change plan was submitted yesterday and has been…

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 million DAIs cast through PSM in the past 24 hours. Interpretation of this information: MakerDAO, a decentralized finance platform, reported on their Twitter account that they have cast 736 million DAIs via the PSM or the Peg Stability Module using USDC in the last 24 hours. This provides a net increase of 296 million DAIs to the past 24 hours. The Peg…

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 currency DAI to make it easier for “ordinary people” to understand. Christensen said in the telephone discussion that the poor brand image may inhibit its growth of the agreement’s decentralization plan, namely “Endgame Plan”. Interpretation of this information: In a recent conference call with community members, Rune Christensen, the founder of MakerDAO, expressed the need to rename the stable currency DAI in order to make…

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 withdrawal transaction was successful, indicating that the on-chain refinancing market could be opened to the owners of real currency assets, fully in line with the bank’s standards, and could significantly improve financial terms, operational efficiency, settlement and counterparty risk. Interpretation of this information: MakerDAO, the decentralized autonomous organization behind DAI stablecoin, recently received recognition from Societe Generale Forge, a subsidiary of Societe Generale, for successfully…

It is reported that the Decentralized Autonomous Organization (DAO) MakerDAO is reviewing a proposal that will allocate an additional $750 million to invest in US treasury bond bonds because it hopes to take advantage of a favorable yield environment. If passed, the resolution will increase the amount approved in October by US $500 million, bringing the ceiling to US $1.25 billion. Interpretation of this information: The Decentralized Autonomous Organization (DAO), MakerDAO, is considering a new proposal to allocate $750 million to invest in US treasury bonds. The DAO wants to…

On February 20, MakerDAO announced that “The Dai Foundation has transferred the management of MakerDAO Github organization to TechOps Core Unit, hoping to reduce bureaucracy and keep the Dai Foundation further away from daily operation tasks.” Interpretation of this information: MakerDAO, a decentralized autonomous organization (DAO) that operates the stablecoin Dai, has recently made an announcement regarding the transfer of management of their Github organization to TechOps Core Unit. The Dai Foundation, which oversees the overall governance and operation of MakerDAO, had previously been responsible for the daily operations of…