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CryptoSlate 2019-05-06 10:31:46

Maker’s Dai approaches $1 peg following aggressive interest rate hikes and Tether fallout

Interest rates for MakerDAO have exploded to 19.5 percent over the course of three months to combat its stablecoin Dai from trading below its $1 peg. However, the gap has narrowed over the last three weeks, partially from factors entirely outside of Maker. Maker is one of the first crypto projects that gained meaningful traction […]The post Maker’s Dai approaches $1 peg following aggressive interest rate hikes and Tether fallout appeared first on CryptoSlate.

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