MakerDAO Passes Vote To Close Alameda-Linked renBTC As Stablecoin Collateral
Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what’s deemed a risky asset by the DAO. RenBTC is a wrapped bitcoin asset developed by the Alameda Research-backed project Ren Protocol.
A Whale Withdrew 2000 BTC From MakerDAO
According to PeckShieldAlert on Twitter, a whale just withdrew 2000 BTC (current worth $32,802,040) from MakerDAO.
MakerDAO’s Removal of ‘Bad Debt’ Might Be a Good Thing for Users
After the FTX debacle, many in the crypto-community have put their faith in DEXs. It is against this background that MakerDAO announced that it will be liquidating multiple vaults to minimize risks.
MakerDAO Launches LSD Token of Rocket Pool
MakerDAO, a DeFi protocol, has accepted the LSD token of Rocket Pool. This deal might elevate the competition for the giant Lido, MakerDAO. Users can use the token, rETH, to mint the stablecoin of Maker’s DAI.
