• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

MakerDAO integrates Chainlink to stabilize DAI

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Chainlink Automation will update the value and liquidity stability, assisting to preserve stability for Maker’s $five billion DAI stablecoin.

MakerDAO integrates Chainlink to stabilize DAI

On the morning of February ten, 1 of the biggest DeFi platforms at the minute, MakerDAO announced its integration with Chainlink, which aids preserve stability for DAI, its flagship product or service, soon after a governance vote.

Related articles

What is Chainlink (LINK)?  Discover detailed information about the giant in the oracle field

What is Chainlink (Hyperlink)? Discover comprehensive information and facts about the giant in the oracle area

November 13, 2023
Chainlink (LINK) launches Staking v0.2

Chainlink (Website link) launches Staking v0.two

November 10, 2023

Two separate safety pillars of the decentralized money technique are now functioning collectively for the very first time.

We are content to announce that MakerDAO has joined @Chainlink Automation as element of its Keeper network. pic.twitter.com/wjouZzcqpS

— Creator (@MakerDAO) February 9, 2023

Second management results, MakerDAO can now integrate Chainlink Automation into its Keeper network. This is a network of bots that check parameters this kind of as value and debt ceiling to guarantee that DAI often maintains a one:one value with USD.

Chainlink Automation gets the hottest third-get together protocol to include to DAI stablecoin launch technological innovation. Oracle Chainlink will launch with functions this kind of as value updates, liquidity rebalancing, and debt ceiling lifting for DAI collateral. The debt ceiling refers to the optimum quantity of DAI produced primarily based on secured collateral.

The Chainlink integration was authorized by the DAO member on February 9th. This incorporates parameter improvements with far more deposit sorts and compensation for accredited members in January. There are 17 DAO members who will obtain a complete of 109,048 DAI (well worth $109,048).

The very same Chainlink Automation integration on Keeper Network will also obtain 181,000 DAI (equivalent to $181,000). This quantity is spread more than six months with one,000 DAI per day.

The value of Chainlink’s Website link token is up about eight% just before pulling back to trade all-around the existing $six.98 mark.

Website link/USDT one-hour chart on Binance at ten:20am 02/ten/2023

DeFi giant MakerDAO has witnessed a sharp decline in income in 2022, so determining to “pivot” actual assets and make them the major supply of cash flow for the protocol. According to Steakhouse, the circulating provide of DAI stablecoins is now five billion DAI as of the finish of 2022, down 43% from 9 billion DAI in the very same time period a yr in the past.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: ChainlinkDAIintegratesMakerDAOstabilize
Share76Tweet47

Related Posts

Ethereum Faces Declining Spot Trading Volumes Amid Market Concerns

by shark
June 1, 2025
0

Ethereum's spot trading volumes have significantly decreased, highlighting changes in market dynamics and investor sentiment.

Cetus Recovers $160M After Sui Network Hack

by shark
June 1, 2025
0

Cetus Protocol successfully retrieves $160 million from hacked funds on the Sui blockchain, showcasing a significant recovery effort.

Binance Alpha Lists Taiko Token with Exclusive Airdrop

by shark
June 1, 2025
0

Binance Alpha lists Taiko token. Eligible users can claim 130 TAIKO in a $1M airdrop.

Crypto Markets Lose $200B as Bitcoin Hits 12-Day Low

by shark
June 1, 2025
0

Explore how geopolitical tensions impact Bitcoin's value, causing a significant downturn in cryptocurrency markets.

Pi Network Launches $100M Fund, Faces Market Challenges

by shark
June 1, 2025
0

Pi Network announced a $100 million fund to support dApp development at the Consensus 2025 Conference, aiming to boost innovation...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ethereum Faces Declining Spot Trading Volumes Amid Market Concerns
  • Cetus Recovers $160M After Sui Network Hack
  • Binance Alpha Lists Taiko Token with Exclusive Airdrop
  • Crypto Markets Lose $200B as Bitcoin Hits 12-Day Low
  • Pi Network Launches $100M Fund, Faces Market Challenges
  • Coinbase Increases Share in USDC Stablecoin Market
  • Top Cryptos to Join Now: Qubetics, Cardano, and Theta Making Waves in 2025 Crypto Markets
  • Ethereum Maintains Stability Despite Market Speculation on $2K Drop
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7