Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
Prominent decentralized finance protocols reached all-time high revenues in May, according to data compiled by The Block. The post DeFi protocols generated more than $370 million in revenue during May appeared first on The Block.
The leading automated market maker now offers "concentrated liquidity," which many believe will attract even more liquidity than Uniswap has already.
The Foundation believes its work is nearly done, and MKR surged to a record price.
$252 million — that's how much revenue the decentralized finance (DeFi) ecosystem's top protocols generated during the month of April, according to The Block's Data Dashboard. The post Top DeFi protocols generated $252 million in revenue for token holders and users in April appeared first on The Block.
ConsenSys, the Ethereum-focused software company, has raised $65 million from a group that includes a pair of major banks, a top financial services firm and an array of digital asset industry startups and investors. The post ConsenSys closes $65 million funding round backed by JPMorgan, Mastercard and more appeared first on The Block.
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