MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin

The first product will be Spark Lend, which will allow users to borrow DAI at a set DAI Savings Rate, which currently stands at 1%. According to the proposal, Spark Lend will support highly liquid decentralized assets as collateral such as ETH, DAI and wrapped derivatives of staked ETH and BTC .

Future features will include fixed term yield products and the inclusion of Maker’s own syntheticSpark aims to launch in April this year by opening a DAI lending vault on Maker with a $200 million debt ceiling, according to the proposal.of the DeFi lending giant. In exchange, the developer team Phoenix Labs intends to send 10% of the protocol’s profits earned on the Spark Protocol’s DAI market in the next two years to Aave DAO.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

20 DeFi Projects, including Balancer, Aave, and MakerDAO, Lead The Charge for Decentralized Finance | HackerNoonDecentralized finance (DeFi) is a growing sector of the financial industry. DeFi operates on smart contracts and open-source code, making it more transparent. - blockchain crypto
Fonte: hackernoon - 🏆 532. / 51 Consulte Mais informação »

Indexing Protocol The Graph’s GRT Token Soars Back Past $1B Market CapThe Graph's GRT has risen 55% over the past week amid significant growth of the platform's ecosystem. LedesmaLyllah reports. LedesmaLyllah This is because I sold on a flat day, for about $3 profit. LedesmaLyllah blockchainedbb
Fonte: CoinDesk - 🏆 291. / 63 Consulte Mais informação »

VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investmentVC deals are still flowing with multiple raises closing including: Blocknative, Nillion, =nil; Foundation and more. (Reporting via forgeforth_)
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »