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Can $Maker (MKR) make it?

Updated

Maker is a smart contract lending platform that enables users to take out loans by locking in collateral in exchange for Dai
Maker price today is $775 with a 24 hour trading volume of 69 million dollar! MKR price is up 15% in the last 24 hours

US CPI Inflation data will be coming up today 10th November at 7:00PM IST and it can effect the market too

MKR going to hit 830 and if bulls break that resistance 840,845 and 850 are next targets

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we hit all targets ✅

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MakerDAO MKR, a DeFi platform responsible for the DAI stablecoin, published a roadmap for a major update dubbed Endgame. The new update will use AI tools, and streamline the Maker Ecosystem, launching a new unified brand identity and the flagship release of 6 new SubDAOs that can be farmed by users. Endgame will lead to the deployment of a new blockchain, aiming to increase the governance security of the ecosystem and implement the full range of features and tokenomics

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Trade closed: target reached

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Trade active

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MKR BTC chart

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MakerDAO once again added $101 million in RWA assets in the past 24 hours through Monetalis Clydesdale, BlockTower Andromeda, and New Silver. This is the seventh increase this month. Currently, the total RWA assets in MakerDAO have exceeded US$3.1 billion dollar

Trade active

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Maker’s lending protocol Spark TVL has exceeded $1 billion, hitting a record high with a growth of 99.8% in the past month, becoming the 16th largest DeFi protocol. The current DAI deposit APY in Spark is 4.97%, the deposit size reaches $400 million

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MakerDAO founder Rune Christensen announced that the first phase of Endgame Launch will be launched in the summer of 2024. Two new tokens, NewStable and NewGovToken, will be launched. DAI and MKR tokens will be retained or upgraded. SparkDAO will be released, including SPK Tokens and SPK farm.

Trade active

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Crypto lending platform MakerDAO plans to invest of its reserves in tokenized U.S. treasury products. Several major projects including BlackRock's BUIDL, Securitize, Superstate, and Ondo Finance are lining up to apply. The initiative, dubbed Spark Tokenization Grand Prix, aims to make Spark Protocol, a lending platform built on top of Maker, the central hub for RWAs on Maker and Ethereum.

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The Maker Protocol has officially rebranded to Sky, with the decentralized stablecoin Dai (DAI) renamed USDS. The protocol also launched Sky (SKY) as a native governance token for the wider Sky ecosystem, as an upgraded version of the Maker (MKR) token.

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Sky, rebranded by MakerDao, unveiled Star Tokens. When a Subdao like Spark launches its token, providers can earn that subdao's token as a reward. This first Star Token is expected to be SPK.

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