Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»MakerDAO is considering allocating up to $600 million in DAI to the Arthur Hayes-backed stablecoin USDe.
ALTCOIN NEWS

MakerDAO is considering allocating up to $600 million in DAI to the Arthur Hayes-backed stablecoin USDe.

By Crypto FlexsApril 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MakerDAO is considering allocating up to 0 million in DAI to the Arthur Hayes-backed stablecoin USDe.
Share
Facebook Twitter LinkedIn Pinterest Email

The decentralized finance (DeFi) protocol maker (MKR) is considering allocating up to $600 million worth of stablecoin DAI to the USDe market, Ethena’s synthetic dollar.

last week maker placed 100 million DAI on Spark’s sUSDe/DAI and USDe/DAI markets on Morpho Blue, a lending protocol for Ethereum (ETH).

According to Maker, this move enabled “over-collateralized scalable liquidity for users interested in increasing exposure to Ethena assets.”

On Monday, a Maker Forum contributor recommended that the protocol allocate an additional 500 million DAI to Morpho’s lending infrastructure on staked USDe and USDe/DAI markets. A proposal released by BA Labs, a member of MakerDAO’s Stability Scope Advisory Board, noted that the allocation could total up to 1 billion DAI.

Some members of the cryptocurrency community have criticized Maker’s new Ethena DAI proposal as being overly risky. Marc Zeller, founder of the Aave Chan Initiative and head of the Aave (AAVE) DAO. called That is the “definition of recklessness.”

Through USDe, Ethena aims to provide a cryptocurrency-based solution that does not rely on traditional banking system infrastructure. The protocol also provides dollar-denominated savings vehicles called “Internet Bonds.” Binance Launchpool last week launched support for ENA, the project’s native asset.

Ethena raised $14 million in a seed expansion round earlier this year. Investors in the funding round included BitMEX founder Arthur Hayes, investment giant Franklin Templeton, digital asset manager Galaxy Digital and Binance Labs.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Is Etherrium the price of more than $ 4,000 in 2,589 ETH 24 hours?

September 27, 2025

YouTube Star MR BEAST Scoops 3 Days Purchase SPREE ASTER in SPREE

September 27, 2025

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Is Etherrium the price of more than $ 4,000 in 2,589 ETH 24 hours?

September 27, 2025

YouTube Star MR BEAST Scoops 3 Days Purchase SPREE ASTER in SPREE

September 27, 2025
Most Popular

Smile Shop joins Conflux PayFi ecosystem with BitUnion prepaid card

December 3, 2024

Will XRP finally make $1 in 24 years? Or will a new booming cryptocurrency do that sooner?

February 3, 2024

South Korea proposes delaying tax on cryptocurrency profits until 2028

July 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.