MakerDAO community proposes Spark Protocol, details inside

In addition, maker’s Spark will serve as the company’s first official protocol interface for lending and borrowing on the Maker platform.Additionally, the 30-day active address measure from Santiment revealed that DAI had over 87,000 active addresses. The number of active addresses was at its highest point in more than six months.Furthermore, a glance at Crypto Quant’s Netflow statistic revealed that it has been experiencing a significant amount of Outflow.

On 8 February, the stablecoin experienced an outflow of over 8 million, as shown on the chart. This demonstrated the dominance of the migration of the stablecoin off exchanges.This entire action from the MakerDAO community may be related to the endgame strategy. However, whether this will have a long-term positive impact on DAI is still to be seen.Subscribe to get it daily in your inbox.

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Source: CryptoAmb - 🏆 22. / 68 Read more »