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  • Yield Farmers on Compound Are Destroying This Stablecoin

    Lucrative DAI yields on Compound have caused the stablecoin’s peg to break once again. MakerDAO governance is scurrying to find a solution and restore equilibrium to DAI.
    Hard and Soft Pegs
    Despite ferocious growth, there has been no shortage of problems for MakerDAO and its stablecoin DAI over the last year.
    Black Thursday forced the Maker Foundation to issue more MKR, the platform’s governance token, to erase the protocol’s deficit. The March crash also created a premium on … … More