Global #MakerDAO

MakerDAO, a prominent decentralized finance (DeFi) protocol, is undergoing a significant transformation as part of its strategic ‘endgame’ plan.

On August 13, Grayscale Investments, the largest global cryptoasset manager and a wholly-owned subsidiary of Digital Currency Group (DCG), introduced the Grayscale MakerDAO Trust.

The cryptocurrency market is poised for significant volatility this week, with two major developments on the horizon: the release of the US Consumer Price Index (CPI) data and over $230 million in token unlocks.

Maker (MKR) isn't just a cryptocurrency, it's the governance token behind MakerDAO and its brainchild, Dai (DAI). MakerDAO is a decentralized organization that built Dai, a stablecoin pegged to the US dollar. Unlike traditional crypto's volatility, Dai aims for stability, making it useful for everyday transactions.

MakerDAO has recently conducted significant sales of its governance token, MKR, with notable transactions observed on the blockchain.

It has been revealed by MakerDAO that two additional token will be released. The two tokens, NewStable and NewGovToken, were introduced in March.