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MakerDAO and Aave’s DeFi conflict reopens over DAI’s perceived risk growth

Aave has reduced its loan-to-value requirements for DAI after MakerDAO’s stablecoin gained indirect exposure to Ethena’s USDe.

The once-symbiotic relationship between decentralized stablecoin issuer MakerDAO and lending protocol Aave is fraying. 

As new innovations are being tested within the decentralized finance (DeFi) sector, tension has started building up. The perceived risk of these innovations puts the two major protocols at a crossroads.

At the center of the controversy is a controversial stablecoin mirroring what’s known as a “basis trade” and Maker’s Direct Deposit Dai Module (D3M), Ethena’s USDe.

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HashKey set to airdrop HSK tokens this June

MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe

MakerDAO Considering Allocating Up to 0,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe

The decentralized finance (DeFi) protocol Maker (MKR) is considering allocating up to $600 million worth of its stablecoin DAI into markets for Ethena’s synthetic dollar, USDe. Last week, Maker deployed 100 million DAI to Spark’s sUSDe/DAI and USDe/DAI markets on Morpho Blue, a lending protocol on Ethereum (ETH). The move enabled “overcollateralized scalable liquidity for […]

The post MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe appeared first on The Daily Hodl.

HashKey set to airdrop HSK tokens this June

Aave Proposal Aims to Safeguard Against DAI’s Rapid Market Cap Increase

Aave Proposal Aims to Safeguard Against DAI’s Rapid Market Cap IncreaseThe Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao’s aggressive expansion of the DAI credit line. The proposal, initiated by the Aave Chan Initiative (ACI) team, suggests setting the loan-to-value (LTV) ratio for DAI to 0% across all Aave […]

HashKey set to airdrop HSK tokens this June

Crypto Trader Says Top-10 Altcoin Primed To Hit New All-Time High, Updates Outlook on Aave and Injective

Crypto Trader Says Top-10 Altcoin Primed To Hit New All-Time High, Updates Outlook on Aave and Injective

A closely followed crypto strategist says he thinks a top-10 altcoin is about to hit a new all-time high while updating his outlook on two decentralized finance (DeFi) tokens. Pseudonymous analyst Altcoin Sherpa tells his 211,300 followers on the social media platform X that Binance Coin (BNB), the native asset of the world’s largest crypto […]

The post Crypto Trader Says Top-10 Altcoin Primed To Hit New All-Time High, Updates Outlook on Aave and Injective appeared first on The Daily Hodl.

HashKey set to airdrop HSK tokens this June

Analyst Nicholas Merten Says XRP Competitor Could Go Up by 200%, Updates Outlook on Aave, Compound and Uniswap

Analyst Nicholas Merten Says XRP Competitor Could Go Up by 200%, Updates Outlook on Aave, Compound and Uniswap

Widely followed analyst Nicholas Merten is offering his forecast on four crypto assets amid an industry-wide market rally. Starting with payments-focused blockchain network Stellar (XLM), Merten tells the 510,000 YouTube subscribers of the DataDash channel that the XRP rival is sitting at a “typical discount range”. According to Merten, XLM could appreciate by around 200% […]

The post Analyst Nicholas Merten Says XRP Competitor Could Go Up by 200%, Updates Outlook on Aave, Compound and Uniswap appeared first on The Daily Hodl.

HashKey set to airdrop HSK tokens this June

Decentralized Finance Money Market Protocol Aave Launches on BNB Chain

Decentralized Finance Money Market Protocol Aave Launches on BNB Chain

The top lending platform in decentralized finance (DeFi) is now on the BNB Chain. In a thread on social media platform X, BNB Chain says money market protocol Aave (AAVE) is now integrated into its network. “We’re thrilled to announce that Aave, the largest DeFi money market protocol, has officially joined the BNB Chain ecosystem. […]

The post Decentralized Finance Money Market Protocol Aave Launches on BNB Chain appeared first on The Daily Hodl.

HashKey set to airdrop HSK tokens this June

Decentralized Money Market Protocol Aave Joins BNB Chain’s Defi Landscape

Decentralized Money Market Protocol Aave Joins BNB Chain’s Defi LandscapeOn Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total. Aave Goes Live on BNB Chain The […]

HashKey set to airdrop HSK tokens this June