Ahead of Shanghai upgrade, MakerDAO introduces 'cheapest $rETH borrowing product' MakerDAO $ETH $MKR $RPL
New annual fee rates are set at 0.5%, which is the lowest level among all competitors of MakerDAO. Also, a more relaxed debt ceiling level was introduced: the metric was increased from 5 million DAI to 10 million DAI.
As a result, the platform now offers an attractive liquidation ratio for its RETH-A vault based on Rocket Pool ETH , one of the most popular"liquid" versions of Ether .This type of staking is available through two frontend providers , Oasis App and DeFi Saver. Both are popular on-chain protocols designed to manage assets in decentralized finance.
Maker , MakerDAO's cryptocurrency, is among the best performers today: the asset is changing hands at $945, being up more than 19% in the last 24 hours.Representatives of MakerDAO are excited by the opportunities this novely unlocks for potential stakers as it employs the most advanced elements of the DeFi segment:
The cheapest $rETH borrowing product through the largest DeFi lending protocol with the most liquid decentralized stablecoin. As covered by U.Today previously, the Shanghai upgrade is going to be activated in Ethereum mainnet as soon as this month. It will allow ETH stakers to withdraw their coins.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum’s Regens Tend to Ethereum’s Public Goods'Radical permissionless is sacrosanct in crypto cultures. It is non-negotiable, like decentralization or censorship resistance' polarpunklabs and gitcoin's notscottmoore write. Because anyone can use Ethereum, it must be treated as a commons. Opinion.
Read more »
Vitalik Buterin says 'more still needs to be done' over high Ethereum txn feesButerin said high transaction fees and unpredictable user experience are reasons why some users opt for 'centralized solutions' instead.
Read more »
MakerDAO (MKR) Soars 13%, Here's What's Fueling GrowthMakerDAO 13% growth might be influenced by this bullish DeFi push
Read more »
Essex County sheriff lowers minimum age for correction officersThe minimum age is being lowered once again to deal with a 'critical shortage of officers,' the department said, and the policy change will be paired with 'an enhanced focus on applicant qualifications, staff training and first-line supervision upon graduation.'
Read more »
Scroll’s zk-EVM Layer 2 goes live on Ethereum’s Goerli testnetThe race to build the world’s most suitable zk-EVM is very much underway, with Scroll reaching its first milestone.
Read more »
NFT weekly trading volume on Ethereum rises to highest level since MayThe lull in NFT trading volume appears to be over, with ethereum NFT trading volumes reaching their highest point since May 2022 last week.
Read more »