The crypto exchange is implementing a 'risk management initiative' focused on certain cryptocurrency projects that possess a relatively modest market capitalization or whose tokens are involved in trading pairs with lower liquidity.
The introduction of the Enhanced Dai Savings Rate has managed to partially counteract the decline in the token's market value that had been observed.
The circulation of Maker's DAI stablecoin has decreased by 33% in the past year
As per the blockchain data, the lending platform is well-positioned to eliminate approximately $7 million worth of MKR governance tokens from the market in the coming month.
Reps. French Hill and Dusty Johnson wrote that it appears the regulator deliberately timed their actions to overshadow and weaken the Congressional efforts.
The protocol's community decided to incorporate a new real-world asset vault, which would allocate funds to invest in U.S. Treasury bonds, up to the specified additional amount.
In February, Bakkt, which is owned by Intercontinental Exchange, ceased its consumer-oriented application as part of its transition away from the retail market.
DWF Labs grabbed attention for their rapid investment activity in crypto projects like CryptoGPT and Synthetix. Upon closer inspection, it becomes apparent that many of their deals deviate from the traditional venture capital model. Despite this, the firm insists that it's simply a case of misinterpretation.