MakerDAO to reduce EDSR rates from 8% to 5%, as farmers are borrowing DAI for 3% to engage in lending rate aribtrage
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Liquityâs BOLD became the first decentralized stablecoin to earn an A- rating from Bluechip, scoring perfect 1.0 marks in Management, Decentralization, and Governance. Unlike USDC or DAI, BOLD cannot be frozen, has no admin keys, and is fully crypto-backedâhighlighting the tradeoff between counterparty risk and smart-contract risk.
đ/@LiquityProtocol ¡
Layerswap briefly turned ETH into a âstablecoinâ thanks to a wild pricing bug that a user quickly farmed before returning funds for a 10% bounty. Glitch fixedâthough the dream of 1 DAI = 1 ETH is gone again.
đ/@layerswap ¡
Ethereum Foundation launches dAI Team to make Ethereum the core settlement and coordination layer for AIsâbridging decentralized infrastructure with the machine economy to build a more open, verifiable, and censorship-resistant AI future.
đ/@DavideCrapis ¡
The stablecoin market cap has surged past $300B for the first time, hitting $301B on DeFiLlama data amid a crypto rebound. Tetherâs USDT leads with a 58% share at $176B, followed by Circleâs USDC at $74B, Ethenaâs USDe at $14.8B, and MakerDAOâs DAI at $5B.
The Block ¡
North Koreaâs Lazarus Group has been linked to a $23M hack on UK crypto startup Lykke, involving 158 BTC and 2,161 ETH. The stolen crypto was laundered via DAI swaps and dispersed across multiple wallets, according to ongoing investigations.
Cryptonews ¡
The new $USDaf from Asymmetry Finance is closing in on $5MM in borrows, with over 100% yield in $CRV and $DAI
đ/@asymmetryfin ¡
Liquityâs BOLD became the first decentralized stablecoin to earn an A- rating from Bluechip, scoring perfect 1.0 marks in Management, Decentralization, and Governance. Unlike USDC or DAI, BOLD cannot be frozen, has no admin keys, and is fully crypto-backedâhighlighting the tradeoff between counterparty risk and smart-contract risk.
đ/@LiquityProtocol ¡
Layerswap briefly turned ETH into a âstablecoinâ thanks to a wild pricing bug that a user quickly farmed before returning funds for a 10% bounty. Glitch fixedâthough the dream of 1 DAI = 1 ETH is gone again.
đ/@layerswap ¡
Ethereum Foundation launches dAI Team to make Ethereum the core settlement and coordination layer for AIsâbridging decentralized infrastructure with the machine economy to build a more open, verifiable, and censorship-resistant AI future.
đ/@DavideCrapis ¡
The stablecoin market cap has surged past $300B for the first time, hitting $301B on DeFiLlama data amid a crypto rebound. Tetherâs USDT leads with a 58% share at $176B, followed by Circleâs USDC at $74B, Ethenaâs USDe at $14.8B, and MakerDAOâs DAI at $5B.
The Block ¡
North Koreaâs Lazarus Group has been linked to a $23M hack on UK crypto startup Lykke, involving 158 BTC and 2,161 ETH. The stolen crypto was laundered via DAI swaps and dispersed across multiple wallets, according to ongoing investigations.
Cryptonews ¡
The new $USDaf from Asymmetry Finance is closing in on $5MM in borrows, with over 100% yield in $CRV and $DAI
đ/@asymmetryfin ¡