Black_background_logo_BitcoinWorld-removebg-preview
MAKER (Courtesy: Twitter)
Latest News

Maker To Record $2 Billion in Assets

MAKER (Courtesy: Twitter)
MAKER (Courtesy: Twitter)

Maker has regained its position as the top asset holding dapp with more than $1.9 billion of ethereum based assets now in DAI.

That’s an all time high, with it rising from $1.2 billion just two weeks ago, making this not far off from a doubling in just weeks.

Eth is now just one asset among many in Dai with it holding quite a bit of tokenized bitcoins (wBTC) as well as a lot of centralized stablecoins like USDC.

It now also has ERC-20 tokens like MANA, with some $1.9 billion in total backing some $900 million worth of DAI.

Unlike USDt which can be frozen or even reverted, dai is more like digital cash so there can’t be any interference with ownership save for under the code rules

In addition something like Tether is unauditable by the public, making it easy to engage in fractional reserve.

While dai is auditable by anyone as it’s all on the blockchain, but on the other hand it can be more vulnerable to bugs than a simple ERC-20 token.

However this has been running for nearing onto three years now without code related problems.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.