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MakerDAO Founder Releases "Next Generation Altas and Governance AI Tools", Aiming at Optimizing Governance Participation

On August 18th, MakerDAO founder Rune Christensen published an article titled "Next-Generation Atlas and Governance AI Tools," pointing out that the adaptive system dataset method is the universal concept upon which the next-generation Atlas is based. The system dataset contains a dataset of all data related to the entire system end-to-end. In the context of Maker, it includes all relevant data related to Maker's governance, protocol, community, and ecosystem, including principles, rules, processes, roles, historical data, precedents, examples, analysis, translation, graphic visual aids, code, smart contract addresses, and tools, among other things. Atlas not only contains all data related to Maker, but also controls the way data is changed and records changes in real-time. Governance AI Tool (GAIT) is key to allowing people to easily participate in Maker governance through the Atlas process. GAIT helps prioritize the time and attention of participants and automates most of the interaction required for governance participation.

MakerDAO Launches Proposal on EDSR and Stability Fee Adjustment

On August 18, MakerDAO governance page shows that a series of adjustment proposals, including EDSR and stability fees, have started voting. The main content of the proposal includes: DSR will be reduced according to EDSR, and after this proposal is passed, DSR will be reduced from 8% to 5%; increase stability fees for ETH, wstETH, rETH, and other stablecoins; update parameters for the intelligent burning engine.

MakerDAO Founder’s New Proposal Intends To Officially Incorporate the Spark-Aave Revenue Sharing System Into the Maker Ecosystem

On August 17th, MakerDAO founder Rune Christensen initiated a proposal for community governance. The proposal aims to formally incorporate the Spark protocol-Aave revenue sharing system into the Maker ecosystem protocol and attempt to fix its flaws to align with expected behavior and expectations.

Maker Protocol Annualized Revenue Exceeds $165 Million

According to Makerburn.com data, the supply of DAI stablecoin has surged to a 5-month high of 5.35 billion. With the increase in supply, the protocol's annual income has also reached its highest point in two years at $165.4 million, which means that Maker currently earns about $165 million in fees per year.

After the DAI Deposit Interest Rate Was Raised to 8%, Its Market Value Increased by Nearly 1 Billion US Dollars in 7 Days

According to CoinMarketCap data, after MakerDAO raised the DAI deposit interest rate (DSR) to 8%, the market value of DAI has increased by nearly $1 billion in the past 7 days. The market value of DAI increased from $4.45 billion on August 6 to $5.33 billion. In addition, according to the Makerburn dashboard, this incentive immediately affected the amount of DAI in DSR, increasing from 339.4 million on August 6 to 1.27 billion. 

Spark Protocol Has a Market Size of Nearly $650 Million and Has Lent Over $209 Million in Assets

According to official data, the market size of Spark Protocol, a lending protocol under MakerDAO, has approached $650 million. In addition, Spark Protocol has lent out over $209 million in assets, of which the borrowing volume of DAI is $198 million, accounting for 95% of the total borrowing asset scale.

Justin Sun Currently Mortgages a Total of 330 Million US Dollars Worth of stETH, Minted 117.8 Million DAI and Deposited It Into MakerDAO

August 10th, Justin Sun has currently staked a total of 157,000 stETH (worth approximately $330 million) and minted 1.178 billion DAI, which has been deposited into MakerDAO to earn its current 8% deposit interest rate. Based on the current deposit interest rate, Justin Sun's 1.178 billion DAI is expected to earn $6.53 million in one year, or approximately $17,900 per day.

Data: Spark Protocol TVL Has Reached 340 Million US Dollars, a 5-Fold Increase in the Past Week

On August 10th, according to DefiLlama data, the TVL of Spark Protocol, a lending protocol under MakerDAO, has reached $347 million, a five-fold increase in the past week. Earlier, on August 7th, MakerDAO passed and executed proposals to increase Spark Protocol's debt ceiling.

MakerDAO Launches Community Proposal on SPK Pre-mining Airdrop and SubDAO Mining Economic Model Overview

 Rune Christensen, the founder of MakerDAO, has released a community proposal covering "SparkDAO SPK pre-mining airdrops; SubDAO farming overview". The proposal details the possible SPK pre-mining airdrop plan for the lending protocol Spark Protocol and will review the second phase SubDAO mining economic model.

Data: Total DSR Deposits of DAI Exceeded $1 Billion

On August 10th, it was reported that the total amount of DAI deposited in MakerDAO's lending protocol, Spark Protocol, has exceeded $1 billion.