Tag: xdai

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XDai Chain

Expert Identifies Critical Factors For Sustainable Growth

XDai Chain

Can Ripple’s Stablecoin Challenge USDT?

In the first week of April 2024, US-based technology company Ripple officially announced the launch of its stablecoin. This new stablecoin will join...
XDai Chain

Ethena’s USDe Bitcoin collateral exceeds $500 million in a week

Bitcoin collateral for Ethena’s USDe synthetic dollar has exceeded $500 million less than a week after its introduction. The platform’s website data showed approximately...
XDai Chain

Aave Chan founder teases fee distribution for holders

Decentralized lending platform Aave is presently working on a proposal that will enable a fee switch which will be distributed to holders. This...
XDai Chain

Weekly Web3, Blockchain, and Crypto Analysis

This analysis report, backed by quality data, covers the major developments the Web3, Blockchain and Crypto sector has experienced this week. 1. Breaking News...
XDai Chain

Ethena Labs Adds Bitcoin Backing to its Synthetic Dollar-pegged USDe

Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply...
XDai Chain

Recent Aave DAO move on MakerDAO fuels DeFi ‘walled gardens’ concerns

In the recent wake of Web3 adoption, two competitors have found themselves in a squabble in the aftermath of Web3 adoption. Gauntlet, AAVE’s...
XDai Chain

SushiSwap proposes shift to ‘Labs model’ in DAO shake up amid social drama

SushiSwap’s head chef, Jared Grey, said the ongoing controversy surrounding the protocol’s proposed transition to a Labs model is primarily driven by “former...
XDai Chain

Ethena Lab’s Bitcoin-Backed USDe

Ethena Lab has announced that it will back its USDe synthetic dollar with Bitcoin (BTC).Ethena works to provide derivative infrastructure to transform Ethereum into...
XDai Chain

U.S. Government NIST Allocates $3.6 Million to Combat Cybersecurity Skills Shortage

United States National Institute of Standards and Technology (NIST) has allocated nearly $3.6M in cooperative agreements aimed at bolstering the cybersecurity workforce. With...
XDai Chain

Aave Proposes Measures to Mitigate MakerDAO’s DAI Expansion Risks

Aave, one of the prominent players in the DeFi space, has recently unveiled a strategic proposal aimed at addressing the risks associated with...
XDai Chain

Whales Buy Up 5% Of Stablecoin Supply, What Are They Up To?

On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales...
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