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Full MakerDAO decentralization moves closer
The Maker Foundation took a big step toward relinquishing authority over the DeFi lending platform by turning full control of the MKR governance token over to holders
The Maker Foundation's decentralization announcement came hot on the heels of a post-Black Thursday debt crisis that threatened to force an emergency shutdown of the MakerDAO decentralized lending platform. That was resolved a day earlier by a reverse auction following a series of votes by MKR token holders.
MakerDAO debt auction achieves its goal, late bidders reap reward
Bad debt worth millions of dollars has been covered through the debt auction, but compensating people wiped out by 0 dai bids is still being debated
MakerDAO has nearly wrapped up its first-ever debt auction—an event designed to cover millions of dollars in bad debt triggered by the ether flash crash on March 12. It seems that those who participated in the debt auction early got a bad deal compared with those who waited to take part later.
Coinbase considers adding 5 more cryptos
Cardano, BAT, Stellar Lumens, Zcash, and 0x all rally significantly on announcement
Coinbase sent several cryptos rallying after it announced on Friday that it was exploring adding five more cryptocurrencies to its list of tradable assets. The exchange, one of the most popular for retail traders, said it looking at Cardano (), Basic Attention Token (), Stellar Lumens (), Zcash (), and 0x (). Cardano and Stellar Lumens were up over 9.5 percent following the announcement, according to data from CoinMarketCap. The runts of the litter did even better the smaller they were: Zcash soared over 14 percent, BAT shot up 22 percent, and 0x rocketed 27 percent. A month ago, Coinbase added Ethereum Classic () to its roster. In its statement…