Here’s the February update on the latest with Maker.
A good crypto conference is a magical thing and John Paller did it again at ETHDenver 2019. Attendees were energised, focused, sharing, and generally busy as hell as we all gathered together to ‘do crypto’ for 36 hours.
The Maker Foundation Risk Team will place a proposal into the voting structure (https://vote.makerdao.com/) to raise the Dai Stability Fee by 0.5%, for a new rate of 1.5%.
Now, investors on Meridio can seamlessly trade real estate shares for Dai, which allows a near-perfect approximation to the US Dollar while still gaining the benefits and efficiencies of smart contracts.
Get a rundown of all the Maker activities taking place at ETHDenver
The Maker Foundation Risk Team will place a proposal into the voting structure to raise the Dai Stability Fee by 0.5%, for a new rate of 1%. As discussed in the Governance call on Thursday, February 7, primary reasons for increasing the stability fee are: Dai inventory has remained well above our threshold level of […]
Dai went live on the Ethereum Mainnet in December 2017. Since then, it has kept a stable peg against USD as the price of Ether fluctuated by more than 94%. Today, more than 1.5% of all Ether is locked up as collateral in support of Dai.
See below for highlights of the latest with MakerDAO.
From the very beginning, the Maker project has been focused on creating a more inclusive and transparent global economy. Over the past year, Dai has proven the viability of a decentralized, asset-backed stablecoin.
Every attendee will receive their own unique web wallet that will be pre-loaded with a localcoin called buffiDai, which is pegged to the Dai, and will be used to drive the ETHDenver economy.