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MakerDAO Introduced Largest Recorded Bug Bounty With $10M Reward

MakerDAO reportedly shared details of its initiative to roll out up to $10 million in bounty to whitehat hackers and cybersecurity experts, who discover legitimate security threats in its smart...

Natalie Wu | Feb 11, 2022 11:19

Magic Internet Money Crossed the $1B Benchmark, Aims to Rival MakerDao

Abracadabra.Money’s stablecoin, Magic Internet Money (MIM), has reportedly exceeded the $1-billion total supply benchmark this October, with the initiative aimed to rival MakerDAO. Specifically,...

Shannon Wilson | Oct 11, 2021 14:19

USDC Stablecoin Accepted As Collateral by MakerDAO Governance

The MakerDAO governance has reportedly granted authorization to the USD Coin (USDC) stablecoin, to be considered as the 3rd collateral kind supported in the Maker Protocol. Specifically, the final...

Shannon Wilson | Mar 19, 2020 16:36

Carnegie Mellon Alumnus Committed $4Mln to Fund DApps Research Program

An ex-MakerDAO contributor and student at Carnegie Mellon has reportedly pledged to give 10,000 MKR – equivalent to roughly $4.3 million – to fund for a project researching DApps. ...

Shannon Wilson | Jan 05, 2020 10:50

MakerDAO Held Another Voting Round to Decide if DAI coin Stability Fee Should be Decreased

MakerDAO – the team behind the decentralized algorithmic Ethereum-based DAI stablecoin – has recently held another voting round for its holders, to decide if the “stability fee” for...

Natalie Wu | May 21, 2019 04:00

MakerDAO CTO Resigned Due to Internal Conflict Among Managing Members

The former CTO of MakerDAO, Andy Milenius has recently resigned from his position at the company. The news was publicly announced via a letter written by Milenius, which further stated the internal...

Warren Hayes | May 05, 2019 04:15

MakerDAO Votes Again on Yet Another Stability Fee Hike

MakerDAO, the protocol behind the DAI Ethereum (ETH)-based stablecoin, has begun a vote in its community governance portal on whether the stability fee for DAI should be increased by another 3%. The...

Shannon Wilson | Apr 26, 2019 04:05

MakerDAO to Boost Local Crypto Adoption in South Korea

Ethereum-backed decentralized organization MakerDAO has reportedly worked with blockchain-based ecosystem VANTA and HYCON (Glosfer), a South Korean blockchain technology and services company, in an...

Natalie Wu | Apr 07, 2019 04:18