In an effort to manage issues surrounding the Wrapped Bitcoin (WBTC) restructure,
MakerDAO is considering ceasing support for the WBTC. This is leading to concerns about potential sell-offs of Bitcoin. Amid these plans, MakerDAO also intends to limit DAI minting against WBTC. MakerDAO also aims to replace
DAI with a wholly decentralized stablecoin, PureDai. Nevertheless, DAI has demonstrated notable stability, and it is well-received by
cryptocurrency market participants. Various DeFi platforms encroach on DAI's perceived risk growth due to debates over its collateral.
Rune Christensen, the MakerDAO creator, is reported to want to overhaul Maker while killing DAI. Despite considerable pushback, MakerDAO plans to back $1 billion of DAI with Ethena Labs' USDe. Amid political uncertainties, DAI and Solana face market pressure, whereas Clandeno gains significant attention. The
cryptocurrency exchange bitFlyer has listed DAI as its premier stablecoin. Aave has proposed countermeasures against MakerDAO's perceived DAI expansion threat. MakerDAO further announced a major $600 million DAI investment in USDe and sUSDe, which provoked AaveDAO to discuss limits for DAI's collateral following a $600-million mint backed by eUSD.
DAI Coin News Analytics from Sat, 11 Mar 2023 08:00:00 GMT to Mon, 12 Aug 2024 11:18:04 GMT -
Rating -5
- Innovation -3
- Information 7
- Rumor 2
