This Week on Crypto Twitter: Tornado Cash Sanctions Slammed, Vitalik Criticizes MakerDAO Proposal

The prices of leading cryptocurrencies began to rebound, but the state of the industry still gave Crypto Twitter plenty to criticize. 

MakerDAO Intends to Depeg DAI from USDC

Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider de-pegging its native token DAI from stablecoin USD Coin (USDC).

MakerDAO should 'seriously consider' depegging DAI from USD: Founder

In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC.

MakerDAO Founder Calls on DAI to Drop Dollar Peg Amid Tornado Cash Fallout

Over 50% of DAI is currently collateralized by Circle’s USDC.

MakerDAO Co-Founder Proposes Dumping $3.5 Billion USDC Reserves for ETH

While bullish for Ethereum, Vitalik Buterin called the potential conversion a “terrible idea.”

Might MakerDAO risk market decline due to Ethereum's Merge

MakerDAO [MKR] has claimed that the much-anticipated Ethereum [ETH] Merge could do more harm than good to its network.  Maker, the builder of the stablecoin - DAI - explained the implications of tThe post Might MakerDAO risk market decline due to Ethereum's Merge appeared first on AMBCrypto.

The Power of Loyalty Points and the Importance of Getting Them Right – Dennis Jarvis, CEO of Bitcoin.com

Prominent DeFi projects such as Uniswap, Curve, Aave, and MakerDAO declined in ETH terms since at least Q1 2021.

MakerDAO stands at the mercy of bears as MKR slips below $1,000 in the last five days

On 18 July, MakerDAO’s native token, MKR, rode the ongoing bull wave to mark its spot at a high of $1,043.