A researcher has found a way of using flash loans to take a large amount of funds out of DeFi. But the exploit won't be fixed until tomorrow.
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.
Ameen Soleimani says DAI’s centralization is a problem but while he has a solution, he’s not even sure it will work.
The Maker (MKR) token was created by MakerDAO and its primary purposes are to support the stability of MakerDAO’s DAI token and enable governance for the Dai Credit System.
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What's going on with MKR?
Although MKR is not available to trade, you can get price alerts, news, and more with a Coinbase account.