MakerDAO
Lending platform Maker’s governance tokens soared to near one-year high prices last week prior to the sales.
MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.
The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.
The result could have a significant impact on Gemini and its stablecoin as MakerDAO’s reserve holds roughly 88% of total GUSD supply.
- 02:37Japanese fashion brand ANAP increases its Bitcoin holdings by 35 BTC, valued at approximately $3.35 millionPANews reported on April 30, according to Bitcoin Magazine, that Japanese fashion brand ANAP (ANAP Holdings Inc.) has added 35 Bitcoins to its corporate treasury, valued at approximately $3.35 million. The company currently holds 51.6579 Bitcoins.
- 02:37The net inflow of the US spot Bitcoin ETF was $173 million yesterdayAccording to Jinse, monitored by Trader T, the US spot Bitcoin ETF had a net inflow of $173 million yesterday.
- 02:35Ethereum L2 Ecosystem Independent Addresses Reach 13.6 Million, Setting a New RecordPANews April 30: According to Cointelegraph, the number of independent addresses in the Ethereum Layer 2 ecosystem has reached 13.6 million, setting a new record with a 74% increase in just 7 days. The dominance of Layer 2 has reached 6.69 times, with weekly transaction volumes exceeding 832,000.