News with the tag "DAI stablecoin"

A Maker Vault user lost 55 million Dai stablecoins to a phishing attack. Immunefi reported that over $1.19 billion had been lost due to hacks and scams in one year leading up to July. On Tuesday, a crypto whale lost about $55.4 million worth of Dai stablecoin to a phishing attack, on-chain sleuth Za...

A crypto holder who signed an unverified transaction lost $55 million in DAI to malicious actors who employed a phishing attack to steal the whale’s stablecoins. On Aug. 20, a crypto wallet owner signed a transaction that changed the ownership of 55.47 million in DAI in the decentralized finance (De...

In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent changes. Over the past few weeks, MakerDAO has imple...

The Dai savings rate will be hiked from 5% to 15%, among other changes meant to shore up the DAO's dollar-pegged stablecoin.

Rune Christensen stated that Solana’s codebase should be the foundation of MakerDAO’s upcoming blockchain, as he highlighted that it’s optimized for building “highly efficient blockchains.”

Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately $4.394 billion, but the number of circulating DAI has decreased by...