DeFi
MakerDAO, the entity behind the stablecoin DAI, has completed an additional purchase of $700 million in U.S. Treasury bonds. MakerDAO's Expanding Treasury Holdings With this latest acquisition, MakerDAO's total U.S. Treasury holdings have reached $1.2 billion. This follows an earlier purchase of $500
DeFi
Osmosis, the largest decentralized exchange (DEX) on the Cosmos ecosystem, has launched a significant update, OSMO 2.0, aimed at cutting the token inflation rate by 50%. Osmosis Cuts Token Inflation by 50% Following a governance vote, Osmosis has decided to halve the inflation rate to enhance the sustainability of
DeFi
The Aave community has decisively voted against a proposal by risk management firm Gauntlet to liquidate a large loan held by Curve founder Michael Egorov. On June 18, 2023, the Aave community voted overwhelmingly to reject Gauntlet’s proposal to freeze Michael Egorov’s CRV collateral on Aave V2. This
DeFi
On-chain data tracker Etherscan has introduced a new tool integrating OpenAI's model to help users explore the source code of smart contracts. Etherscan Launches AI-Powered Code Reader Tool Etherscan has rolled out a new tool named "Code Reader," which aims to assist users in evaluating and
DeFi
MakerDAO has approved a proposal to increase the savings rate for DAI holders following significant adjustments to the stablecoin's reserve assets. MakerDAO Increases DAI Holding Interest Rate After Removing USDP and Reducing GUSD In a proposal concluded on June 15, the MakerDAO community has agreed to raise the
DeFi
The goal of Frax Finance is to further decentralize the project by creating a layer-2 network optimized for DeFi activities and compatible with smart contracts. Fraxchain's Unique Features Fraxchain is expected to launch by the end of 2023. The new network will use the FXS token for governance,