Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
DAI supply surges 20% in past three months to $5.3 billion

DAI supply surges 20% in past three months to $5.3 billion

CointimeCointime2024/06/13 02:04
By:Cointime

According to data shows that the supply of stablecoin DAI has surged by 20% in the past three months, reaching 5.3 billion US dollars, and its current market value is second only to USDT and USDC. The industry views the addition of RWA by MakerDAO as collateral for DAI supply surge. Currently, MakerDAO supports the deposit of real assets such as real estate and accounts receivable as collateral and accepts DAI loans. In addition, various attempts have been made, such as ensuring stable sources of income through asset diversification and increasing loan-to-value ratios (LTV) through the Spark Protocol.

At the same time, MakerDAO announced its next-generation platform strategy, the "Endgame Project," which was approved by the MakerDAO community in October two years ago. According to the project, MakerDAO plans to release NewStable and NewGovToken.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

JUST IN! Strategy (MicroStrategy) Purchased New Bitcoin! Here's the Amount of BTC in Hand!

MicroStrategy announced that it purchased 20,356 Bitcoin (BTC) at an average price of $97,514.

Bitcoinsistemi2025/02/24 16:22

Bad News for Bitcoin (BTC) from the US! Plans Shelved!

The Montana House of Representatives has rejected a bill that would establish a Bitcoin reserve.

Bitcoinsistemi2025/02/24 16:22

TRX Eyes $1.11 Target with Potential 444% Surge

TRX continues its bullish momentum and could reach $1.11, with a potential 444% upside based on log-measured targets.TRX Holds Strong Gains, Eyes $1.11 TargetWhy TRX’s Bullish Trend Could ContinueCan TRX Reach $1.11?

Coinomedia2025/02/24 14:44

Ethereum’s Most Hated Rally is Imminent

Ethereum's weekly Stochastic RSI signals a bullish breakout. Is another rally on the horizon? Find out what history suggests!What is the Stochastic RSI Saying?History Repeating Itself?Market Sentiment: Still Bearish?

Coinomedia2025/02/24 14:44