Dai (cryptocurrency)

Laser 2: An introduction to the protocol to bring Ethereum to the next level

Retrieved on:

Monday, February 12, 2024

Ethereum, Ether, Ecosystem, L2, Dai (cryptocurrency), Decentralized finance, Lido, Cryptocurrency

When one holds Ether on the Ethereum network, one does not earn anything extra.

Key Points:

When one holds Ether on the Ethereum network, one does not earn anything extra.
By using Laser2 in order to earn yield, users can benefit from Laser2's seamless integration with Lido and MakerDAO.
One of the eternal problems of the Ethereum network have been the high gas fees users pay for transactions.
Developers can capitalize on Laser2's Ethereum Virtual Machine toolkit to build and integrate their own dApps and smart contracts.

OKX Ventures Announces Investment in bitSmiley, a Stablecoin Protocol in the Bitcoin Ecosystem

Retrieved on:

Sunday, January 28, 2024

AAVE, Insurance, Compound, Ecosystem, BTC, OKX, Dai (cryptocurrency), Cryptocurrency

SINGAPORE, Jan. 28, 2024 (GLOBE NEWSWIRE) -- OKX Ventures , the investment arm of leading crypto exchange and Web3 technology company OKX, today announced that it has invested in bitSmiley , a stablecoin protocol in the Bitcoin ecosystem.

Key Points:

SINGAPORE, Jan. 28, 2024 (GLOBE NEWSWIRE) -- OKX Ventures , the investment arm of leading crypto exchange and Web3 technology company OKX, today announced that it has invested in bitSmiley , a stablecoin protocol in the Bitcoin ecosystem.
bitSmiley is a company that provides comprehensive Bitcoin DeFi solutions, aiming to fill the gap of stablecoins and lending infrastructure in the Bitcoin ecosystem.
OKX Ventures Founder Dora Yue said: "Bitcoin, as the cornerstone of the crypto field, has strong value consensus and security but lacks programmability and scalability.
bitSmiley is our important investment in the BTC ecosystem, and we believe it will bring more vitality and reform to Bitcoin."

Flash News: OKX Adds DAI Stablecoin to On-Chain Earn Product

Retrieved on:

Thursday, September 14, 2023

Ethereum, POS, DAI, Dai (cryptocurrency), Decentralized finance, APR, United Arab Emirates, OKX, Cryptocurrency

OKX today added the DAI stablecoin to its On-Chain Earn product, which gives users the opportunity to earn rewards for their participation in Proof-of-Stake (PoS) staking and DeFi protocols without paying gas fees.

Key Points:

OKX today added the DAI stablecoin to its On-Chain Earn product, which gives users the opportunity to earn rewards for their participation in Proof-of-Stake (PoS) staking and DeFi protocols without paying gas fees.
With this latest addition, users can stake a minimum of 1 DAI and earn daily interest, with an annual appreciation rate (APR) of approximately 5%*.
DAI, a stablecoin on the Ethereum blockchain, is maintained and regulated by MakerDAO , a decentralized autonomous organization.
With the addition of DAI, OKX users can now participate in on-chain earning opportunities through PoS staking and DeFi protocols using DAI.

Flash News: OKX Ventures Partner Jeff Ren Proposes Three Suggestions to Improve Web3 Developer Experience at Ethereum Singapore 2023

Retrieved on:

Tuesday, September 12, 2023

Cloud, National Gallery Singapore, Freedom, Huawei, Speech, Dai (cryptocurrency), Decentralized finance, OKX, Investment, Google Cloud, DEX, KPMG, Cryptocurrency, Web3, Scroll, Ethereum, Coinbase, Circle

SINGAPORE, Sept. 12, 2023 (GLOBE NEWSWIRE) -- OKX Ventures , the investment arm of leading Web3 technology company OKX , has issued updates for the day of September 12, 2023.

Key Points:

SINGAPORE, Sept. 12, 2023 (GLOBE NEWSWIRE) -- OKX Ventures , the investment arm of leading Web3 technology company OKX , has issued updates for the day of September 12, 2023.
OKX Ventures Partner Jeff Ren today delivered a keynote speech on "OKX: Bridging Centralized Exchange to Ethereum's Community Growth" at the Ethereum Singapore 2023 conference, during which he emphasized OKX Venture's commitment to the Ethereum community and proposed three suggestions to improve the Web3 developer experience: simplifying the project funding process, promoting open-source initiatives and strengthening communication channels.
Jeff also discussed OKX Ventures' dedication to DeFi and OKX's Web3 products, such as the OKX Wallet , DEX and NFT Marketplace .
In terms of community building, Jeff discussed OKX Ventures' support for hackathons and demo days worldwide and proposed a roadmap for improving the developer experience.

Chronicle Protocol, the Exclusive $5B+ Oracle of MakerDAO, Opens Access to All Web3 Builders

Retrieved on:

Tuesday, September 5, 2023

Ethereum, Maker, Bitcoin, Polish notation, Spark, DAI, Dai (cryptocurrency), Decentralized finance, SAI, Trust, Ecosystem, Scribe, Cryptocurrency, Polygon, Gnosis, Oracle, Argent, Chronicle, Feed

Niklas Kunkel, Founder of Chronicle , co-developed the first Oracle on Ethereum in 2017 to facilitate the creation of SAI, the predecessor to DAI.

Key Points:

Niklas Kunkel, Founder of Chronicle , co-developed the first Oracle on Ethereum in 2017 to facilitate the creation of SAI, the predecessor to DAI.
Chronicle seeks to address numerous challenges Oracle providers and users face while granting universal access to the decentralized protocol for all developers.
Chronicle Protocol will launch with a number of new and unique features:
At the core of Chronicle's mission is verifiability.
Chronicle Protocol pioneers an era where Oracle technology is robust, secure, scalable, and accessible to a broader audience.

Stablecoin Rating Platform Bluechip Launches to Provide Transparency into Stablecoin Safety & Risks to All

Retrieved on:

Thursday, July 13, 2023

USD Coin, Gemini Dollar, Tether, Liquidity, USDP, CMC, USDC, Dai (cryptocurrency), George Mason University, StarkWare Industries, USDT, GUSD, Gemini (company), Rating, BUSD, Letter, UST, Cryptocurrency, Blue chip

WASHINGTON, July 13, 2023 /PRNewswire-PRWeb/ -- Bluechip, a nonprofit organization dedicated to evaluating stablecoin safety, launched today to provide unbiased ratings of top stablecoins so that anyone, regardless of their technical expertise, can easily understand which stablecoins are likely to be safer.

Key Points:

Notable advisors are renowned economists Tyler Cowen , Robin Hanson , Alex Tabarrok and Lawrence H. White , as well as Ameen Soleimani and Nic Carter .
The full three-person team is CEO Benjamin Levit , Chief Economist Garett Jones and Ratings Director Vaidya Pallasena .
Bluechip's stablecoin ratings are built on the SMIDGE rating framework, designed by the three founders.
Externals is SMIDGE's room to grow: Bluechip hopes that sophisticated futures and betting markets will develop to offer information about the risks of particular stablecoins.

Immunefi Reports $265M of Funds Lost in Crypto in Q2 2023: Number of Incidents Grew 65% YoY

Retrieved on:

Thursday, July 6, 2023

Crypto, Ethereum, Synthetix, Blockchain, Hacks, Dai (cryptocurrency), Decentralized finance, Chain-link fencing, Optimism, Ministry of National Education (France), TVL, Ecosystem, YTD, BNB, Cryptocurrency

The crypto industry lost $265,481,519 in Q2 of 2023.

Key Points:

The crypto industry lost $265,481,519 in Q2 of 2023.
The 2 major exploits of the quarter, Atomic Wallet and Fintoch, totaled $131,600,000 alone, accounting for 49.6% of all losses in Q2 2023.
“We have witnessed a considerable increase in rug pulls, both in terms of stolen funds and the number of incidents”, said Mitchell Amador, CEO of Immunefi.
Recently, Immunefi published the Crypto Losses in 2022 , a display of the volume of crypto funds lost by the crypto community due to hacks and scams in 2022, and the Crypto Losses in Q1 2023 , respectively.

dappOS Receives Investment from Binance Labs

Retrieved on:

Wednesday, June 21, 2023

Dapp, Perpetual, MVP, Avalanche, Dai (cryptocurrency), GMX, Cryptocurrency

SINGAPORE, June 21, 2023 /PRNewswire/ -- On June 20th, Binance Labs announced to invest in dappOS.

Key Points:

SINGAPORE, June 21, 2023 /PRNewswire/ -- On June 20th, Binance Labs announced to invest in dappOS.
dappOS is a Web3 operating protocol that was previously selected as a finalist in Binance Labs Incubation program, Season5.
In November 2022, dappOS was one of the 12 projects selected from over 900 projects to join Binance Labs Incubation Program Season 5.
Leading protocols such as GMX, Perpetual, Benqi, QuickSwap, KyberSwap, Avalanche, Pangolin, MakerDAO, zkSync, and others have reached cooperation with dappOS and integrated dappOS MVP version.

Spark Protocol Announces Integration of Chainlink Price Feeds in First for MakerDAO Ecosystem

Retrieved on:

Tuesday, May 9, 2023

Maker, Phoenix Labs, DAI, Dai (cryptocurrency), Decentralized finance, Chain-link fencing, SAN, Cryptocurrency

SAN FRANCISCO, May 9, 2023 /PRNewswire/ -- Spark Protocol, a protocol powered by MakerDAO, the long-standing DeFi lending protocol behind the DAI decentralized stablecoin, announced today that it has successfully integrated the DAI/USD, ETH/USD, and stETH/USD Chainlink Price Feeds. In doing so, Spark Protocol is bolstering its oracle infrastructure with the industry-leading decentralized oracle network and pioneering the first integration of Chainlink Price Feeds in the MakerDAO ecosystem.

Key Points:

SAN FRANCISCO, May 9, 2023 /PRNewswire/ -- Spark Protocol, a protocol powered by MakerDAO , the long-standing DeFi lending protocol behind the DAI decentralized stablecoin, announced today that it has successfully integrated the DAI/USD, ETH/USD, and stETH/USD Chainlink Price Feeds .
In doing so, Spark Protocol is bolstering its oracle infrastructure with the industry-leading decentralized oracle network and pioneering the first integration of Chainlink Price Feeds in the MakerDAO ecosystem.
Sam MacPherson, CEO of Phoenix Labs said: "The integration of Chainlink Price Feeds was essential to bringing Spark Protocol online in a timely manner.
This integration of Chainlink Price Feeds follows Maker's integration of Chainlink Automation as part of its Keeper Network in February 2023.

Nayms raises at $80m valuation in a private funding round led by UDHC

Retrieved on:

Thursday, April 20, 2023

Maker, Insurance, Marketing, Dai (cryptocurrency), Decentralized finance, Sale, Risk, Engineering, Unfrozen Caveman Lawyer, Cryptocurrency, Alsophila everta

UDHC is aiming to bring DeFi to the mainstream by funding and guiding projects that are building on established DeFi protocols.

Key Points:

UDHC is aiming to bring DeFi to the mainstream by funding and guiding projects that are building on established DeFi protocols.
Nayms has now raised a total amount of $12m and long-standing supporters such as UDHC, New Form, Tokentus and Keyrock participated in the latest funding round assisting the insurtech startup in their busiest year to come.
"As a fully-regulated marketplace for on-chain insurance, Nayms represents the next major step in risk transfer.
This round of funding has set us up for an extremely strong 2023, with all the right players behind us."