MakerDAO, a leading decentralized autonomous organization, has
rebranded to Sky and introduced a new stablecoin:
USDS, replacing its original stablecoin,
DAI. However, this rebranding has stirred controversy and has been met with backlash from community, causing the perceived risk associated with DAI to increase. Amid the controversy,
Ethereum Foundation has exchanged 100 ETH for DAI, leading to speculation of an imminent ETH price drop. Furthermore,
AaveDAO launched a proposal to counter DAI's perceived expansion risk due to MakerDAO’s changes and is considering dropping DAI as a collateral option. Meanwhile, Sky has revealed plans to offer optional
MKR Conversations for the new governance token and launched PureDai in response to the backlash, a fully decentralized stablecoin to replace DAI as it moves to meet the high demand of DAI. Despite a phishing attack involving $55M DAI, the stablecoin's demand remains high. Sky is set to undergo a historic $1.35M security audit with Sherlock. In retrospect, DAI's on-chain transaction volume reached a record $240B last week. Amid the political uncertainty, both DAI and Solana (SOL) face market pressure, yet values like near Protocol resilience keep attracting investors. Other platforms like DeeStream (DST) and Koala Coin’s are seeing market gaps being filled by DAI and Ethereum Classic. Overall, despite the mixed sentiment around the transition to USDS, it is clear that DAI has left a lasting impact and remains a popular choice among cryptocurrency users.
DAI Coin News Analytics from Fri, 06 Oct 2023 07:00:00 GMT to Thu, 05 Sep 2024 16:21:00 GMT -
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- Innovation 6
- Information 8
- Rumor -4
