Search Results for: DAO Maker

An arbitrage bot made complex moves using Ethereum blockchain, taking a $200 million flash loan while only profiting $3.24. The transaction involved borrowing DAI from MakerDAO, trading Wrapped Ether, and purchasing Threshold Network tokens, showcasing the pursuit of profit in crypto trading.

An arbitrage bot recently flash loaned $200 million in DAI stablecoin from MakerDAO, gaining a small $3.24 profit after fees. This highlights the ongoing debate in the crypto community regarding flash loans’ efficiency versus their potential security risks and misuse.

Uniswap Labs has released a draft of Uniswap V4, featuring “hooks” that allow developers to create custom liquidity pools and enhance the decentralized crypto exchange. The update aims to enable innovative aspects like on-chain limit orders and auto-compounded LP fees but requires more community feedback before implementation.

Raft’s new U.S. dollar stablecoin R, backed by Lido’s staked ether (stETH), introduces a unique offering in the crypto world. With a focus on avoiding inherent risks associated with fiat assets as collateral, Raft’s stablecoin aims to attract large players in the liquid staking ecosystem and withstand ongoing regulatory pressures.

In a bet from five years ago, Ethereum co-founder Joe Lubin needed to prove that five or more Ethereum-based dapps would maintain significant user activity. Blockchain data firms claim five dapps met these usage levels, but there is debate over qualification. The evolving landscape of cryptocurrency applications will continue to shape the industry, driven by innovative thinking and adoption potential.

MakerDAO’s DAI stablecoin has reduced its USDC backing from 50% to 23.6%, increasing diversification in its backing assets. As dependency on USDC decreases, DAI’s backing now includes more significant real-world assets, such as U.S. government bonds and stablecoins like GUSD and USDP.

The inaugural MetaCannes Festival highlights the Film3 movement, which utilizes Web3 technologies to empower minorities and underrepresented voices in the traditional film industry. By embracing decentralized financing methods like NFTs, Film3 aims to give more power to creators throughout a movie’s lifecycle, revolutionizing the way we experience cinema.

Several DeFi protocols, including Balancer, TempleDAO, Euler Finance, and Inverse Finance, are collaborating on a rescue mission to recover $300,000 worth of frozen cryptocurrency from a 2023 hack. The plan involves a “permissioned arbitrage” and showcases the DeFi industry’s resilience and potential for joint efforts in tackling challenges.

Atlendis, an uncollateralized lending platform, introduces new features and a crypto on-ramp to revolutionize access to decentralized finance (DeFi) and boost liquidity. Unlike traditional overcollateralized loans, Atlendis streamlines borrowing, partnering with Credora for creditworthiness checks and offering a Know-Your-Customer option for pool compliance.

The Ethereum network recently faced two performance issues within 24 hours that temporarily halted block finalization. Though the network recovered, concerns about its reliability resurface, potentially affecting market confidence and Ethereum’s role in the $27 billion total value locked across various financial infrastructures and applications.

MetaCannes explores the Web3-driven Film3 movement, showcasing how decentralization is transforming film creation, marketing, and distribution. This virtual festival seeks to familiarize industry leaders with Film3 via livestream as it disrupts Hollywood’s traditional structure and gatekeepers.

Curve Finance recently minted over $22 million of its algorithmic stablecoin, crvUSD, signifying progress towards deployment. Despite competition from other DeFi protocols and concerns following Terra USD’s collapse, Curve Finance aims to differentiate crvUSD as a collateralized-debt-position stablecoin, similar to MakerDAO’s DAI. The integration into DeFi’s user interface remains pending before full release.

The decentralized finance world celebrates the successful launch of CurveDAO’s algorithmic stablecoin, crvUSD, with over $22 million minted. Curve’s crvUSD aims to avoid previous pitfalls experienced by other algorithmic stablecoins, potentially reshaping the DeFi ecosystem if successful.