Crypto News

  Hey people :) There goes my second post, this time on MakerDAO's ecosystem. In case you have missed my previous post on BAT & Brave, you can read it here. Enjoy! 1. What is Maker MKR? Maker (MKR) is the utility token used primarily for governance and stability fees in the Decentralized Finance (DeFi) platform known as MakerDAO. Built on top of Ethereum, the MakerDAO smart contract platform allows users to take out collateral-based loans in the form of their proprietary and decentralized stablecoin, DAI & SAI. Users will deposit accepted collateral cryptocurrencies, such as Ethereum, and will be able to take out a loan in Dai according to how much collateral they front.  MKR and Dai help to form the dual-coin MakerDAO stablecoin ecosystem. Dai is pegged to the US Dollar and can only be created by depositing collateral into a smart contract known as a “Collateralized Debt Position” (now known as Vaults). This creates a platform that is truly decentralized as Dai cannot be p

  DAO X SHIB David from Guarda: The first question is: could you tell us about DAO and how will that system apply to SHIB? ShibInformer from Shiba Inu: OK, this is a hard question to answer. In particular because the DAO is still being prepared and designed. But it is a big focus of the development at this moment. What I can say is that the DAO does not have a particular influence on SHIB itself but on proposals of the community that can be carried out by the current code. It’s first big feature will be to allow new tokens to be listed on our swap platform, but other functions are not announced yet. Sadly we will have to wait to know how it can affect SHIB itself. One important thing I have to mention is if it was possible to affect SHIB itself via voting, nothing can pass if it affects the long term sustainability of the ecosystem. David from Guarda: Interesting! Can’t wait to see it when it is released! ShibInformer from Shiba Inu: Soon™. SHIB VS DOGE. IS SHIB TRULY A MEME TOKEN? WHY

  The recent price increase of the Solana-based memecoin Bonk Inu (BONK) has attracted significant attention in the cryptocurrency community. This stunning price increase of more than 20% comes after an unexpected listing on the renowned cryptocurrency exchange KuCoin. This crash marks the continuation of its impressive growth trajectory, having seen its price increase by 800% in the last six months.   KuCoin, known for its diverse portfolio of altcoins, many of which are not available on other major exchanges, has played an important role in the growth of memecoins. The inclusion of the BONK token on its platform appears to have substantially increased its presence in the market.   BONK prices are flying high  BONK's listing announcement provides some interesting insights. The launch of BONK as a major holiday launch for the Solana community in late 2022 coincided with what was a near bottom in both price and sentiment around Solana.   The timing of this launch is crucial and symb