Maker price rallies to a new all-time high as the MakerDAO community makes preparations to become fully decentralized.
Dogecoin and Maker stole the spotlight as the hype around COIN faded and Bitcoin consolidates near $63,500.
The Optimism-Dai Bridge will allow fast withdrawals later this year.
Buying in these stablecoins may foretell where the crypto market is going.
Altcoins are surging higher as Bitcoin price consolidates and the prospect of a $3 trillion economic stimulus package sparks confidence in crypto investors.
Maker’s MKR token surged to its highest level in more than two years.
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.
The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.
The MakerDAO community is voting on a proposal to harden the protocol’s governance structure against flash loan voting.
BProtocol used a flash loan to speed up election results on MakerDAO. The DeFi platform is now weighing changes to its voting process.