Connect with us

Ethereum

MakerDAO Received An Influx Of 2,500 BTC In 48 Hours

Published

on

MakerDAO received an influx of 2,500 BTC in 48 hours as the wrapped bitcoin-lock in increased by 1,921% as we are reading in today’s Maker news.

MakerDAO received an influx of 2500 bitcoin in the past two days after the lending protocol on Ethereum got only 130 bitcoin in the form of WBTC on May 20. The number increased to 2,628 soon. MakerDAO is a decentralized lending protocol built on Ethereum which issues the DAI Stablecoin in return for ETH collateral. BTC can be represented on Ethereum but in a form of wrapped Bitcoin.

Read More

Continue Reading

Latest

Companies