MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure
In an effort to reduce exposure to Celsius, MakerDAO has disabled DAI loans using stETH as collateral through the Direct Deposit Module.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Aave Proposal Targets $3.5M in Added Annual Revenue Through Reserve-Factor Changes
TL;DR: TokenLogic proposes changes to Aave's reserve factors across 54 reserves. Its model estimates $3.5 million in additional an...
Stablecoin supply drops $14B in 30 days, fastest since June 2022
The rapid stablecoin supply drop may reduce crypto market liquidity, affecting digital asset performance and signaling a shift in...
AAVE Slides 30% in Four Weeks, Trailing Bitcoin and Ether
The governance token's losses exceeded those of bitcoin and ether, while Aave's dollar-denominated locked value fell by a smaller...
Crypto Market Split: JPMorgan Deepens Bitcoin Exposure as MEGA Cuts Staff and Liquidations Top $1 Billion
JPMorgan boosts Strategy shares 36% and holds $540m in BlackRock's bitcoin ETF, while MEGA cuts 20% of staff and $1bn in liquidati...
Sui stablecoin supply climbs over 10% to $538M as the wider market shrinks
Sui's stablecoin growth amid market contraction highlights its unique appeal and potential for increased DeFi activity and ecosyst...
Aave V4 deposits hit a record $1.75 billion
Aave V4's rapid deposit growth highlights DeFi's evolving landscape, emphasizing the potential for innovative financial products a...