News Formal

MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Leading MakerDAO community participants have proposed creating a new liquidity market called Spark Protocol for lending and borrowing crypto assets focused on Maker’s DAI stablecoin. sndr_krisztian reports

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.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 291. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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
La source: hackernoon - 🏆 532. / 51 Lire la suite »

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
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

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_)
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »