Here’s what Smart Money has been loading up on in the last 24h:
$WBTC — $9.8M netflow
$LINK — $3.0M
$ONDO — $2.0M
$LDO, $MKR, $HYPER — all seeing $1M+
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Lord TradfiDrake
with #ETH being up 5% on the day, i'd have expected Eth DeFi & co to show some promise but aave,crv,mkr,uni,sushi pretty flat aand i'd have expected l2s to match/beat
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Sky
The poll to finalize the upgrade from MKR to SKY has been approved.
The proposal lays out a plan to:
• Define the process to upgrade the governance token of the Sky Protocol from MKR to SKY.
• Disable SKY-to-MKR conversion in the existing converter.
• Deploy a new contract allowing MKR to SKY conversion at 1:24,000 with an adjustable penalty.
• Enable SKY as the governance token of the Sky Ecosystem Governance.
• Launch SKY staking with new collateral parameters and USDS rewards.
• And other key changes required to complete the upgrade from MKR to SKY.
As the final step in the voting cycle, this proposal will be included in an upcoming Executive Vote. If approved, it will authorize the required deployments.
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Yan Meng @ Solv Protocol | ERC-3525
Painstakingly thoughtful
蓝狐
A lot of people mistakenly think that we are ETH maximists, but we are not, we are just crypto optimists. During 2018/19, we focused on translating or writing a lot of BTC-related articles because people didn't believe in BTC at the time. This cycle we focus on ETH-related content because people are now full of skepticism about ETH. We have our own logic and beliefs, but what we believe is not important, what is important what the market believes. Some trends don't change in a cycle or a year or two.
In addition to introducing BTC's underlying value articles, we were probably one of the first to introduce Solana in the Chinese region in 2019, and began to introduce its technical framework long before the testnet and TGE. At that time, the PoH consensus mechanism proposed by solana was introduced in detail.
Of course, it was also during which period we also paid attention to DeFi, and also followed up with Uniswap, Dydx, AAVE, Maker, etc. at the earliest.
For us, BTC/ETH/SOL occupy different ecological niches, some of which are most valuable today, and some of which are far from being realized and have unlimited potential in the future. There are many sides to the problem, and it is not necessary to support one and oppose the other.
The combined market value of the crypto world is only a few trillion dollars, which is still a small proportion of the world's assets, and there is still a lot of room for truly valuable projects in the crypto field. In the future, the overall scale of the on-chain economy may reach more than tens of trillions of dollars, and there will be a lot of financial innovation in the crypto field, and there will also be the integration of AI + crypto......
Some maximalists are motivated by pure faith, some by investment logic, some by positions, and some by competition for short-term liquidity. These original intentions can be understood, and there is no problem at all, and it is most normal to speak up for yourself.
In fact, no matter how it develops in the end, there is its cause and effect, and some stories have not happened yet but the ending framework has almost been written.
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3
付付
Why have stablecoins stood up again recently?! How do we lie down and gather wool?
🔻
1/ Policy relaxation
Trump wants to enact stablecoin legislation in August, and the hegemony of the dollar directly enters the on-chain world. Afraid of regulation before? Now compliant and stable coins = digital version of treasury bonds!
2/ The bigwigs are coming
Fidelity entered the market with 6 trillion to engage in stablecoins, which is comparable to "the national team kicks wild ball"
3/ Huge profit temptation
Interest-bearing stable coin annualized 20%-30%? NB Ah!!
Ethena's #USDe: Playing with ETH staking + short hedging, the bull market income rushed to 29%;
OpenEden's #USDO: Treasury bond yield + DeFi arbitrage, lying and sitting are all earning.
🟡 So, how do we get on the bus?
1. Protocol token mining
#Ethena ($ENA): USDC mining lock-up, 15% annualized + airdrop expectation;
#MakerDAO ( $MKR): Although the price is slow, the TVL is stable!!
Operation: Wallet - > protocol official website - > one-click stake, which is quite simple.
2. Wait for a lot of airdrops
#Resolv: Deposit USDC for USR, 30 times points + ecological rewards;
#LevelFinance: Stake lvlUSD to earn 20 times more points, and the airdrop is also fast.
but, don't be a "point leek", try to choose a project with a VC platform.
🟣 In one sentence
Interest-bearing stable coins = digital treasury bonds + DeFi lottery + cross-border Alipay
But remember:
Select a compliant platform (USDC/USDT)
Be wary of and reject the temptation of high interest rates
Play with spare money, don't go all in
#闲着也是闲着点个赞吧 💗
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Maker price performance in USD
The current price of Maker is $1,816.70. Over the last 24 hours, Maker has increased by +2.77%. It currently has a circulating supply of 833,619 MKR and a maximum supply of 1,005,577 MKR, giving it a fully diluted market cap of $1.51B. At present, the Maker coin holds the 45 position in market cap rankings. The Maker/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
In a push towards decentralization, governance tokens have emerged as a cornerstone of many crypto projects, allowing token holders to stake and vote on protocol modifications. MKR is the governance token for MakerDAO, which plays a pivotal role in ensuring the efficiency, transparency, and stability of DAI, a decentralized, collateral-backed stablecoin.
What is MakerDAO
MakerDAO is a decentralized autonomous organization (DAO) that administers the DAI stablecoin through the Maker Protocol. This protocol enables the minting and management of DAI stablecoins while maintaining their peg to the US dollar using over-collateralization and other mechanisms. The primary responsibility of MKR holders is to vote on changes to the Maker Protocol, which directly impacts DAI. MKR's governance role ensures that the protocol adjusts and evolves in response to the market's demands and potential risks.
The Maker team
Maker was created in 2015 by Rune Christensen, a Denmark-based entrepreneur. He graduated from the Copenhagen University with a degree in biochemistry. He also studied international business at the local Copenhagen Business School. Before founding MakerDAO, he co-founded Try China, an international recruiting company.
How does MakerDAO work
MKR holders are at the heart of the MakerDAO system, actively participating in Executive Voting. Successful votes translate into changes within the protocol. For instance, these token holders set the DAI savings rate, directly impacting the incentives for those who stake DAI. Contributors are rewarded for their active involvement.
MKR tokenomics
MKR tokens, capped at 977,631 in supply, are central to the MakerDAO ecosystem. They empower holders with governance rights, allowing them to shape the system's direction. Beyond governance, MKR is crucial in maintaining DAI's stability, ensuring its value remains pegged and resilient to market fluctuations. Notably, in situations of undercollateralization, MKR is auctioned to cover the deficit.
Furthermore, MKR tokens are used to settle stability fees, which are essentially interest charges on DAI loans. These MKR tokens are subsequently burnt, gradually reducing their overall supply and adding an element of scarcity.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about Maker, driven by 6.5K contributors, and total online engagement reached 71M social interactions. The sentiment score for Maker currently stands at 70%. Compared to all cryptocurrencies, post volume for Maker currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Maker.
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Posts
9,984
Contributors
6,478
Interactions
71,155,498
Sentiment
70%
Volume rank
#0
X
Posts
1,489
Interactions
9,654,929
Sentiment
92%
Maker FAQ
How much is 1 Maker worth today?
Currently, one Maker is worth $1,816.70. For answers and insight into Maker's price action, you're in the right place. Explore the latest Maker charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Maker, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Maker have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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