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.
Ethereum co-founder Vitalik Buterin has called for a decentralized exchange to be built that enables swaps between bitcoin and ether. At present, those who want to convert their BTC into ETH, or vice versa, have little choice but to rely on centralized crypto exchanges, which often charge fees.
Derivatives trading platform Huobi DM has announced a new feature designed to “minimize user exposure during times of severe market volatility” in digital assets. Its solution is to unveil a new mechanism that performs liquidation gradually.
Decentralized finance giant MakerDAO has been holding crisis talks after dramatic falls in the price of Ether left debt worth about $4 million under-collateralized.