MakerDAO (MKR)

Fears of insolvency have been high around Celsius Network, as “extreme market conditions” forced the project to pause withdrawals.

In 2015, MakerDAO introduced what would today be known as decentralized finance, commonly dubbed DeFi.

The hack of DAO Maker reflects the current model of exposing DeFi and other blockchain code vulnerabilities.

MakerDAO resumes full decentralization, 6 years after the introduction of the first iteration of Dai.

To stimulate interest in the Dai stablecoin, MakerDAO has reduced its fees.

The growth brought MakerDAO back to the leading position of the DeFi’s top protocols.

WBTC will be used in addition to ETH, BAT and USDC to open maker vaults to generate DAI stablecoins.