MakerDAO

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Maker Takes Final Steps to Become Fully Decentralized Ushering in New DeFi Phase

Maker Foundation’s CEO Rune Christensen stepped down this week, leaving a carefully built DAO to run the protocol in his place. The move marks the beginning of a new phase for the lender and arguably for DeFi itself, as the ecosystem’s first dapp transitions into a fully decentralized organization. “Today, the Maker Protocol is self-sustainable …

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The DeFi Future is Automated

A race is under way in DeFi innovation. Established players and upstart newcomers alike are in the running.  Gelato has been tinkering with use cases since 2019 and launched its production-ready V1 last July. Meanwhile, Keep3r network has been executing its own solution since late October 2020. And just last month Chainlink announced an Open …

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MakerDAO Rebuts Accusations of Selling Oracle Data

In the DeFi world, oracles aren’t the seers of Greek myth but handy tools that enable data to flow between blockchains and traditional networks in the form of smart contracts. Now oracles have landed right in the middle of a clash pitting two of the biggest players in the space against one another — Chainlink …

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InstaDapp Releases Governance Token with 55% for Community Members

DeFi infrastructure protocol InstaDapp has launched their governance token, INST, on Ethereum Mainnet.  INST holders will be able to discuss and vote on all future InstaDapp protocol upgrades. InstaDapp has minted 100M INST, allocating 55% for community members and the other 45% for team members, investors, and advisors.  Initially, 10M INST will be available to …

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Maker Foundation Transfers Funds to DAO in Decentralization Push

The Maker Foundation is sending 84K MKR tokens, worth $512M at the time of writing, to its DAO’s Treasury. The move is a major step towards further decentralizing the protocol. MKR holders will now decide via governance how the 84K tokens will be spent. Tokenholder governance will also oversee employees who were previously supported by …

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