🚀 Sky Discloses 14 Million USDS Earning Chronicle Points on X Platform
#Sky #Chronicle #XPlatform #USDS #CLETokens #DecentralizedOracle #Ethereum #Maker #Blockchain #Crypto #ETH
According to Odaily, Sky has revealed on the X platform that 14 million USDS are currently earning Chronicle points. These points can later be exchanged for CLE tokens at a rate of 10 Chronicle points per CLE token. Chronicle's history dates back to the early days of Maker. During the development of DAI, Ethereum lacked a decentralized oracle, leading to the creation of Chronicle as the oracle for the Maker protocol. This made Chronicle the first decentralized oracle on Ethereum.
By the end of 2023, Chronicle was spun off as an independent project, leveraging its team's unique expertise in Oracle systems and unmatched reliability. Currently, Chronicle secures over $8.4 billion in assets and has been operational for more than seven years.#Sky #Chronicle #XPlatform #USDS #CLETokens #DecentralizedOracle #Ethereum #Maker #Blockchain #Crypto #ETH
🚀 Whale Acquires 3,998.5 ETH After Borrowing 10 Million DAI
#Whale #ETH #DAI #Maker #Crypto #Blockchain #Investment #WBTC
According to PANews, an on-chain analyst named Yu Jin has reported that a whale recently borrowed 10 million DAI from Maker and used it to purchase 3,998.5 ETH. The whale now holds over 65,000 ETH, valued at approximately $161.25 million, with an average cost of around $1,743 per ETH. Previously, in 2022, the whale spent $104 million to acquire ETH and WBTC, but later converted all WBTC holdings into ETH.#Whale #ETH #DAI #Maker #Crypto #Blockchain #Investment #WBTC
🚀 Grayscale DeFi Fund Portfolio Composition Revealed
#Grayscale #DeFi #Fund #Portfolio #Uniswap #Aave #Maker #LidoDAO #Synthetix #Crypto #UNI #AAVE #MKR
According to PANews, Grayscale has disclosed the latest data on its DeFi Fund portfolio as of December 5, 2024. The fund is composed of five tokens: Uniswap (UNI), Aave (AAVE), Maker (MKR), Lido DAO (LDO), and Synthetix (SNX).
Uniswap (UNI) holds the largest position in the portfolio with a weight of 58.07%, equating to 1.12344341 UNI per fund share. Aave (AAVE) follows with a weight of 18.65%, corresponding to 0.02201319 AAVE per share.
The remaining components include Maker (MKR) with a 9.31% share, Lido DAO (LDO) at 9.18%, and Synthetix (SNX) at 4.79%. The latest disclosure indicates that there have been no changes in the composition of the fund.#Grayscale #DeFi #Fund #Portfolio #Uniswap #Aave #Maker #LidoDAO #Synthetix #Crypto #UNI #AAVE #MKR
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🚀 Grayscale Introduces Cryptocurrency Industry Classification Framework
#Grayscale #Cryptocurrency #ClassificationFramework #DigitalAssets #Bitcoin #XRP #Zcash #Ethereum #Solana #Polygon #Maker #Uniswap #Aave #ApeCoin #Decentraland #Sandbox #Chainlink #Filecoin #LidoDAO #BTC #ZEC
According to PANews, Grayscale has unveiled a new classification framework for the cryptocurrency industry, segmenting the digital asset market into five distinct categories: Currencies, Smart Contract Platforms, Financials, Consumer & Culture, and Utilities & Services.
The report highlights that while Bitcoin has experienced significant growth this year, the overall trend in the cryptocurrency asset classes has been mixed. The Currencies category includes assets such as Bitcoin, XRP, and Zcash. Smart Contract Platforms feature Ethereum, Solana, and Polygon. The Financials category comprises Maker, Uniswap, and Aave. The Consumer & Culture segment includes ApeCoin, Decentraland, and Sandbox. Lastly, the Utilities & Services category encompasses Chainlink, Filecoin, and Lido DAO.
This classification aims to provide a clearer understanding of the diverse segments within the cryptocurrency market, reflecting the varied performance and characteristics of different digital assets. By categorizing these assets, Grayscale seeks to offer investors a more structured approach to navigating the complex landscape of cryptocurrencies.#Grayscale #Cryptocurrency #ClassificationFramework #DigitalAssets #Bitcoin #XRP #Zcash #Ethereum #Solana #Polygon #Maker #Uniswap #Aave #ApeCoin #Decentraland #Sandbox #Chainlink #Filecoin #LidoDAO #BTC #ZEC
🚀 DeFi Protocols Achieve Record Revenue In December 2024
#DeFi #Protocols #Revenue #RecordHigh #Ethena #Sky #Maker #Aerodrome #Aave #Lido #TokenTerminal #Cryptocurrency #Finance #Blockchain #AAVE
According to Odaily, data from Token Terminal reveals that in December 2024, the top five DeFi protocols generated $158 million in revenue, with four reaching all-time monthly highs. Ethena led the group with a record $56.9 million, accounting for nearly 25% of its total annual revenue of $230.8 million. Sky, formerly known as Maker, also set a new monthly record with nearly $40 million, representing 13% of its $304 million revenue for 2024. This new record was just under $1 million shy of its previous peak in January 2022. The DEX Aerodrome on Base achieved approximately $38 million in December, surpassing its previous high by over $5 million and contributing 15.6% to its annual revenue of $243.6 million. Aave's revenue jumped by over $3 million from November to December, reaching a record $13.6 million, which is 16.7% of its total 2024 revenue of $81.4 million. Lido was the only DeFi application among these not to set a new monthly record, with December revenue at $9.6 million, making up 9.3% of its $103.6 million revenue for the year.#DeFi #Protocols #Revenue #RecordHigh #Ethena #Sky #Maker #Aerodrome #Aave #Lido #TokenTerminal #Cryptocurrency #Finance #Blockchain #AAVE
🚀 Whale Faces Potential Liquidation On Maker Platform
#Whale #Liquidation #Maker #ETH #Cryptocurrency #Finance #Blockchain
According to Odaily, a significant account holding 65,675 ETH, valued at approximately $135.8 million, is on the verge of liquidation on the Maker platform. The account's health factor currently stands at 1.05, with a liquidation price set at $1,931.83.#Whale #Liquidation #Maker #ETH #Cryptocurrency #Finance #Blockchain
🚀 Maker To Update Oracle Price Amid ETH Liquidation Risk
#Maker #OraclePrice #Ethereum #ETH #LiquidationRisk #Cryptocurrency #Blockchain
According to PANews, Maker is set to update its oracle price to $1,806 at 10:00 (UTC+8). If Ethereum (ETH) does not rebound above the liquidation price of a large whale's position or if the account fails to add collateral, the position will face forced liquidation.
Earlier today, it was reported that a major whale or institution urgently added collateral, but the risk of ETH liquidation remains unresolved.#Maker #OraclePrice #Ethereum #ETH #LiquidationRisk #Cryptocurrency #Blockchain
🚀 Ethereum Foundation Wallet Deposits ETH to Reduce Liquidation Risk
#EthereumFoundation #ETH #Maker #LiquidationRisk #CryptoNews
According to PANews, a wallet suspected to belong to the Ethereum Foundation deposited 30,098 ETH, valued at approximately $56.08 million, into Maker five hours ago to mitigate liquidation risk. The total holdings of this wallet on Maker have now reached 100,394 ETH, approximately $182 million. The latest liquidation price has decreased to $1,127.06.#EthereumFoundation #ETH #Maker #LiquidationRisk #CryptoNews
🚀 🔥 Ethereum News: Ethereum’s Price Drop Below $1,900 Triggers DeFi Liquidation Risk, $130M ETH-Backed Loan in Jeopardy 🔥
#Ethereum #ETH #DeFi #Liquidation #CryptoMarket #PriceDrop #Collateral #Sky #Maker #DAI #USDT #DefiLlama
Key Takeaways:Ethereum (ETH) plunged nearly 10% on Monday, threatening large DeFi loans backed by ETH as collateral.A $130 million ETH-backed loan on Sky (formerly Maker) is at high risk of liquidation, despite the borrower adding 2,000 ETH and reducing debt to prevent forced sell-offs.$336 million in DeFi loans are within a 20% price range of liquidation, potentially intensifying downward pressure on ETH.DeFi Liquidations Loom as ETH Dips Below Critical LevelsEthereum’s sharp decline to $1,820 on Monday has rattled DeFi markets, with a major $74 million DAI loan backed by 65,680 ETH now at risk of liquidation.The borrower attempted to stabilize their position by depositing 2,000 ETH (~$4M) and later converting $1.6M USDT to DAI to reduce outstanding debt.Despite these efforts, the loan’s liquidation price stands at $1,836, keeping it dangerously close to forced liquidation as ETH hovers around $1,870.Wider DeFi Market at Risk of a Liquidation CascadeAccording to DefiLlama, additional ETH-backed loans face liquidation risks at key price levels:$13.6M in loans could be liquidated at $1,857 ETH.$117M in loans could be forced to sell at $1,780 ETH.A 20% ETH price drop could trigger $366M in total liquidations, adding severe downward pressure on ETH’s price.When DeFi liquidations occur, the protocol sells the collateralized ETH on the open market, which can intensify selling pressure and accelerate the decline, according to CoinDesk. #Ethereum #ETH #DeFi #Liquidation #CryptoMarket #PriceDrop #Collateral #Sky #Maker #DAI #USDT #DefiLlama
🚀 Ethereum Developers Clarify Misidentification Of Address Linked To Maker Deposit
#Ethereum #ETH #Maker #Blockchain #Cryptocurrency #EthereumFoundation #DeFi #SmartContracts
According to BlockBeats, Ethereum developers eric.eth and sassal.eth have refuted claims on social media platform X regarding the ownership of an address that deposited 30,098 ETH into the Maker protocol. They clarified that the address does not belong to the Ethereum Foundation.
Earlier reports suggested that an address, marked by Arkham as 'suspected Ethereum Foundation,' had deposited 30,098 ETH into Maker to lower the liquidation price of its loan position. However, this has been debunked by the developers, emphasizing that the address is not affiliated with the Ethereum Foundation.#Ethereum #ETH #Maker #Blockchain #Cryptocurrency #EthereumFoundation #DeFi #SmartContracts
🚀 New Scam Targets DeFi Users Through Abandoned Project Websites
#DeFi #scam #fraud #security #abandonedprojects #vigilance #Maker #Sakura #transactions #warning
According to PANews, a new scam targeting DeFi users has emerged, where fraudsters take over the websites of abandoned projects to deceive former users into signing malicious 'fund-draining' transactions. Unlike traditional scams that actively target victims, this passive approach specifically aims at users who may still have bookmarks of old projects.
DeFiLlama's anonymous founder, 0xngmi, has issued a warning, stating that expired domains have been removed from their platform and browser extensions. However, users are advised to remain vigilant. As these project teams have disbanded, there is no one to promptly identify security vulnerabilities or replace malicious interfaces, leaving users with the responsibility to thoroughly verify each transaction they intend to sign.
A member of the Maker/Sky community highlighted that the official domain of the now-defunct Maker subDAO Sakura is currently available for sale at a nominal price. This situation underscores the importance of caution among DeFi users to prevent falling victim to such scams.#DeFi #scam #fraud #security #abandonedprojects #vigilance #Maker #Sakura #transactions #warning