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Tag: MakerDAO

on the blockchain

MakerDAO may execute ‘Emergency Shutdown’ if sanctions hit DAI.

August 14, 2022

“Maker is making contingency plans to execute an emergency shutdown should core contracts underpinning DAI, its stablecoin, be sanctioned by Washington, according to posts from MakerDAO founder, Rune Christensen, in the project’s Discord channels. “If we get nuked by the […]

on the blockchain

How MakerDAO survived Black Thursday

April 5, 2020

Holders of the stablecoin lost about $8 million during forced liquidations (I wrote about this last week). But, it survived, which is probably the more interesting point. | learn more

on the blockchain

Black Thursday for MakerDAO: $8.32 million was liquidated for $0

March 29, 2020

About $8 million was withdrawn from the stablecoin system on March 12th and 13th. “This problem arose not because of a sharp drop in price and the lack of collateral, but due to manipulations of initiative keepers (liquidators).” | learn more

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