Stability Fees Reduced for Several Collaterals

On September 8th 2022 MKR holders voted and approved some changes to the Protocol. In particular, the Governance decided to increase the minimum debt ceilings and decrease stability fees for several assets including wstETH and Curve LP tokens.  What has changed? Stability Fees Changes: • Decrease the CRVV1ETHSTETH-A Stability Fee from 2.25% to 2.0%. • … Read more

Why ETH Can Go From $4000 to $1000 While Dai Stays $1

After almost a decade since the first cryptocurrency was launched, there are now thousands of cryptos available, all competing for different market values and valuation. We will take a look at how both ETH and Dai are used, which factors make the price of ETH fluctuate compared with Dai’s stable nature and its use cases.  … Read more

July Recap By

Hello Oasis Fellows Let’s start with the biggest news: Referral Program is here and from this month, you can EARN ON YOUR FRIENDS’ fees (together with them!). Read more below, or start right now, copy your code and spread the voice! This month we were on fire, also with product releases!  New automation features were introduced in the past weeks, … Read more

This Week In DeFi – July 15

To the DeFi community, This week, Multicoin raised $430 million for “Venture Fund III,” the company’s third venture capital fund in the crypto space. The fund will be allocating between $500k and $25 million to early stage projects, with up to $100 million toward more established companies. Multicoin’s focus for the fund is web3 infrastructure, … Read more

This Week In DeFi – July 8

To the DeFi community, This week, Aave Companies has submitted a proposal to the Aave governance forum for the creation of a new stablecoin, called GHO. The GHO stablecoin would be over-collateralized in a similar fashion to Maker’s Dai, with users being able to mint the token against assets they have supplied to the Aave … Read more

This Week In DeFi – July 1

To the DeFi community, This week, crypto exchange FTX is reportedly looking to acquire centralized lending platform BlockFi for a sum between $25 million and $50 million. Sources believe the deal is expected to complete by the end of this week, however BlockFi CEO Zac Prince has denied the $25 million figure and FTX has … Read more

This Week In DeFi – June 24

To the DeFi community, This week decentralized derivatives platform dYdX decided to create its own applicaiton-specific standalone chain, as part of the Cosmos ecosystem. The move will also complete the decentralization of the platform – marking an important milestone for dYdX once the transition is complete. dYdX developers reasoned that no L1 or L2 solution … Read more

This Week In DeFi – June 17

To the DeFi community, This week stablecoin issuer Circle has announced the launch of Euro Coin (EUROC), a new stablecoin pegged to the euro. The new token will be available as of June 30, beginning as an ERC-20 token on the Ethereum network and expected to expand to other blockchains later in the year. 1/ … Read more

Vaults Offboarding By Maker Governance

As of June 10th 2022, as part of the weekly Maker Governance Cycle, MKR holders voted – together with other parameter changes – to initiate the offboarding of some vault types. These vaults will be removed from the Maker Protocol either because there is low demand for them and consequent negative cash flow. In either … Read more