MakerDAO

The seed capital was led by Pantera Capital and included the Scaramucci-linked SALT Fund, and Mouro Capital, the venture capital operation connected to the Santander Group.

By Ian Allison

Apr 5, 2023 at 1:00 p.m. UTC

Apr 5, 2023

MakerDAODeFipaymentsFunding Rounds

Maker founder Rune Christensen (CoinDesk/Original image by Trevor Jones)

Finance

Makerdao

Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan

The proposal sets a new foundation for the largest decentralized lending protocol’s major restructuring, called “Endgame.”

By Krisztian Sandor

Mar 27, 2023 at 5:34 p.m. UTC

Mar 27, 2023

MakerDAOMakerRune ChristensenGovernanceDeFiDAI

Circle is the issuer of USDC. (Sandali Handagama/CoinDesk)

Finance

Stablecoins

Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

The decision follows a turbulent period during which USDC temporarily lost its dollar peg after key banking partner SVB collapsed.

By Krisztian Sandor

Mar 23, 2023 at 4:58 p.m. UTC

Mar 23, 2023

StablecoinsDao governanceGovernanceMakerDAO

Finance

Silicon valley bank

Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.

By Sage D. Young

Mar 13, 2023 at 7:12 p.m. UTC

Mar 13, 2023

Silicon Valley BankMakerDAOCircleUSDCDAIOn-chain Data

Finance

Makerdao

MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging

The community proposal comes just two days after DAI followed stablecoin USDC in slipping beneath the one-dollar mark.

By Elizabeth Napolitano

Mar 13, 2023 at 5:18 p.m. UTC

Mar 13, 2023

MakerDAODAIStablecoin

Rune Christensen (Original image by Trevor Jones for CoinDesk)

Finance

Token governance

MakerDAO Founder Calls for Rebranding of DAI Stablecoin

Rune Christensen said on a call with community members DAI suffers from bad branding that could be slowing its growth.

By Danny Nelson

Mar 9, 2023 at 8:14 p.m. UTC

Mar 9, 2023

Token GovernanceMakerDAODAIRune Christensen

Finance

Makerdao

Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase

The decentralized autonomous organization behind the DAI token previously purchased $500 million worth of government notes and bonds.

By Brandy Betz

Mar 7, 2023 at 5:15 p.m. UTC

Mar 7, 2023

MakerDAOUS TreasuryDAIStablecoin

Markets

DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank

The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.

By Krisztian Sandor

Feb 27, 2023 at 4:38 p.m. UTC

Feb 27, 2023

MarketsMakerDAODAIStablecoinLoanDAOTradFiVote

Policy

Court cases

Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge

The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.

By Krisztian Sandor

Feb 24, 2023 at 11:00 p.m. UTC

Feb 24, 2023

Court CasesMaker Ecosystem Growth FoundationMakerDAOMakerRegulationLawsuitDAI