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Please see the latest MakerDAO news, updates, and more at blog.makerdao.com!


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MakerDAO has joined forces with Airtm, a platform that helps people all over the world access dollars and protect their savings from devaluation. This partnership includes Dai as an Airtm in-wallet balance with direct on/off boarding transfers, allowing Airtm users to take charge of their financial futures. They can send and receive funds fast and inexpensively, regardless of location or currency type.

The Importance of this Alliance

We know the role cryptocurrencies play in global financial innovation, not only in terms of ease of transfer of value, but also in terms of monetary empowerment. Many South Americans for example, are deeply impacted by economies plagued by hyperinflation and political oppression. …


The Maker Foundation Interim Risk Team has placed an Executive Vote into the voting system, which will enable the community to enact a new Dai Stability Fee of 14.5%.

The Executive Vote (FAQ) will continue until the number of votes surpasses the total in favor of the previous Executive Vote. This is a continuous approval vote.

Review

The need to increase the Stability Fee was discussed in the Governance call on Thursday, April 18.

Please review the Video, Audio, Transcript (delayed by 24 to 48 hours), and the online discussion to inform your position before voting.

Key factors under consideration for increasing the Stability Fee…


Blockchain Week ZA in Cape Town, South Africa, is just a few days away, and representatives from the MakerDAO team will be there to present and lead workshops. Here are some of the most exciting events scheduled:

DeFi Cape Town Decentralized Financial Inclusion

3–8 p.m., April 18

The University of Cape Town

Rondebosch, Cape Town, 7700, South Africa

Register

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In our efforts to reach out to DeFi, blockchain, and crypto enthusiasts in South Africa, we, along with Centrifuge and Linum Labs, will open Blockchain Week ZA with a DeFi event focused on decentralised financial inclusion. Offering more than a display of DeFi projects, the event will serve as a platform to challenge the status quo of financial exclusion in the region. …


The past year has been one of fantastic growth for MakerDAO. Dai continues to be widely respected across the cryptosphere and has become a core part of the #DeFi movement, with hundreds of projects integrating it. At the same time, there has been an encouraging and thoughtful commitment to decentralized governance across the ecosystem. From engagement in our weekly governance calls and discussions in chat forums to participation in governance votes, we are excited to see increasing participation from the growing Maker Community.

To help continue expanding the Maker ecosystem, the Maker Ecosystem Growth Foundation (MEGF) was created. The MEGF controls a fund of MKR tokens that facilitate the adoption of the decentralized MakerDAO protocol. Just as innovation is key to how the Maker project builds new and better ways to level the economic playing field for people around the world, MEGF works to create a structure that is true to the spirit of the organization. …


Following the official launch of the National Relayer Campaign in Korea in March 2019, the MakerDAO Korean community worked closely with its partners including VANTA to drive awareness and adoption of Dai.

The latest initiative involves partnering with VANTA and HYCON (Glosfer) to collaborate on government projects for switching South Korean cities’ local currencies into cryptocurrencies.

Several Korean cities have their own local currencies to boost their local economies and preserve local capital. However, cryptocurrency’s advantages such as transparency and security are encouraging some cities to switch their local currencies into cryptocurrencies.

Glosfer, a leading blockchain technology and services company in Korea, collaborated with a local South Korean government to create Nowon Coin, which was the first local cryptocurrency in the world. …


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It’s been an action-packed month for Maker! Stability Fee increases, a long-awaited update on Multi-Collateral Dai, a new campaign launch in Korea, and more.

Let’s begin with the latest statistics from maker.tools.

  • 2,172,000+ ETH locked up
  • Over 2% of the entire ETH supply is locked up in Maker smart contracts
  • 88,696,965 total Dai supply

Stability Fee Increases through Governance Votes

A series of Governance votes this month resulted in an overall stability fee increase to 7.5%. Actors that drove the increase include exchange prices persisting below $1, high inventory levels among market makers and prop desks, and no attributable impact from earlier fee increases.

To stay current on Governance, Risk, and Community issues, bookmark the MakerDAO Public Events Calendar. Newcomers might want to dive into our series of posts on the MakerDao Governance Risk Framework. …


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Introduction

Our main focus over the past couple of months has been the development and release of the Multi-Collateral Dai (MCD) core contracts on Kovan and their interaction with the core Maker products and tools. …


The Maker Foundation Interim Risk Team will place an Executive Vote proposal into the voting system to enact a new Dai Stability Fee of 7.5%.

The Executive Vote (FAQ) will begin on Friday, March 22nd at 5 pm UTC and will continue until the number of votes surpasses the previous Executive Vote total. This will be a continuous approval vote.

Review

The increase to the Stability Fee was discussed in the Governance call on Thursday, March 21, and ratified by the community in a formal Governance Poll. …


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MakerDAO joins the #PiDay celebration by encouraging donations to charity

PiDay (March 14th) has been long celebrated as a geek holiday, so MakerDAO, in conjunction with our friends at @SendCrypto, are happy to announce a way for the crypto community to celebrate the date and help make the world a better place.

How?

Thanks to the magic of the @SendCrypto bot, Twitter users are able to donate their Dai, xDai, Ether, or many other supported ERC20 tokens directly from their tweets to one of the many charities just by sending a simple message: “@SendCrypto @EFF $3.14

Why donate with your crypto?

The benefits are huge. By donating your tokens to charity, a whole host of intermediaries, banks, and random fee collectors are removed in favor of a system that is transparent and instant. That means the least number of people between your donation and the people who need it most. …

About

MakerDAO

Stability for the blockchain @ MakerDAO.com

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