2024-3-10 20:49 |
In response to market volatility, MakerDAO, a leading decentralized autonomous organization (DAO), has initiated temporary fee adjustments, aiming to stabilize the Dai stablecoin.
Concurrently, AltSignals continues to make waves with its AltAlgo indicator and ActualizeAI program, as the ASI token gains momentum.
MakerDAO implements temporary fee adjustmentsIn light of recent market fluctuations, particularly impacting the stability of the Dai stablecoin, MakerDAO aims to fortify support for the dollar-pegged asset.
MakerDAO’s proposal, led by BA Labs and endorsed by Maker’s Stability Advisory Council, highlights concerns over a sudden decline in Dai supply from $5 billion to $4.4 billion within a week.
Despite remaining over-collateralized, potential liquidity crunches due to decreasing reserves prompt MakerDAO to take proactive measures.
As part of the accelerated governance proposal, MakerDAO has approved a slate of temporary fee adjustments set to go into effect.
Notably, the Dai savings rate will surge from 5% to 15%, while stability fees for core vaults will increase by around 9-10% each.
Additionally, changes will be implemented for the Spark Effective Borrow APY and the Peg Stability Module.
These adjustments, though temporary, aim to alleviate sell pressure on Dai and enhance the protocol’s resilience against market volatility.
AltSignals’ AltAlgo indicator and ActualizeAI programAs MakerDAO tries to support its Dai stablecoin amid the rising market volatility, AltSignals, a prominent player in the financial markets since 2017, is advancing its AI-driven trading strategies through its cutting-edge AltAlgo indicator and ActualizeAI program.
The AltAlgo indicator, touted as a fully compliant technical analysis tool, harnesses the power of machine learning to generate trading signals across digital currency, Forex, CFDs, and shares markets.
AltSignals integrates multiple trading strategies and indicators within AltAlgo to provide optimal buy and sell opportunities to traders.
On the other hand, the ActualizeAI program is aimed at revolutionizing the trading landscape through advanced technologies like artificial intelligence (AI) and natural language processing (NLP). The program enables users to access AI-driven insights and predictions, augmenting their trading strategies for better outcomes.
At the heart of the ActualizeAI program is the ASI token that empowers traders and allows access to ActualizeAI’s enhanced trading capabilities, including automated 24/7 trading, improved accuracy, and defined risk management.
ASI staking programAfter a successful token presale, AltSignals has opened a staking pool for the ASI token.
Currently, the staking program offers an attractive staking ROI of up to 25% for participants, with a locking period of three months.
Notably, the total staked tokens amount to 28,989,117 out of 30,000,000 tokens available for staking, indicating significant community engagement and participation.
With a staking window of 72 hours, participants have the opportunity to earn rewards by staking their ASI tokens and contributing to the network’s security and stability. To participate in the ASI staking, visit the AsltSignals official website.
ConclusionMakerDAO’s proactive fee adjustments aim to stabilize the Dai stablecoin amidst market turbulence,
On the other hand, the ASI staking program enhances community engagement and participation, reflecting the continued evolution and growth of decentralized finance (DeFi) ecosystems.
The post MakerDAO implements fee changes to support Dai; ASI staking program gains momentum appeared first on Invezz
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