sdai

The stablecoin project USDai announced on platform X that it will increase the USDai limit by $250 million at 1:00 AM (Beijing time) on November 20. The new minting of USDai will take place on the Ethereum mainnet, and all newly minted USDai and sUSDai will be distributed on the Base network. This move is part of USDai's expansion to the Base network.

ChainCatcher news, according to monitoring by Shield, the scam-as-a-service provider PinkDrainer has staked a total of approximately 18.1 million dollars worth of DAI into Spark, accounting for about 1.348% of the total sDAI tokens.Previous news, according to monitoring by Cyvers Alerts, the scam organization PinkDrainer is using 5 different addresses to transfer stolen funds. It has been confirmed that they have transferred a total of 5.9 million dollars worth of crypto assets from these 5 addresses into multiple other addresses.

ChainCatcher news, the MakerDAO lending protocol Spark Protocol has integrated LI.FI, allowing users to seamlessly transfer USDT and USDC directly to sDAI (Savings Dai) without leaving the Spark platform.It is reported that sDAI is a tokenized representation of Dai deposited in the Dai Savings Rate (DSR) provided by MakerDAO, allowing users to earn returns on DSR deposits while still being able to use it in DeFi.

According to ChainCatcher news, monitoring by Shield has revealed that the scam-as-a-service provider PinkDrainer has staked a total of 12 million DAI to Spark, accounting for approximately 1.194% of the total sDAI token supply, making it one of the top 12 holders of sDAI.

ChainCatcher news, according to Dune data, over 43 million sDAI has been deposited into Aave, accounting for 5.7% of the total supply. Since the launch of the sDAI pool on Aave, the supply of sDAI has increased by 5.9%.

ChainCatcher news, according to CoinDesk, the developers of the DeFi yield protocol Pendle Finance stated that Pendle Finance will use MakerDao's boosted Savings (sDAI) and Flux Finance's stablecoin fUSDC to develop its first tokenized product based on real-world assets (RWA).Pendle co-founder and CEO TN Lee said, "RWA has entered the DeFi space, and Pendle is able to provide traditional financial tools such as interest rate derivatives, swaps, and fixed income to help users manage yields."Yesterday's news, Binance Labs announced an investment in Pendle Finance.

ChainCatcher message, Aave has published an ARFC proposal on the governance forum regarding "Introducing sDAI as a collateral asset in the Aave V3 Ethereum pool," aiming to create new synergies with the MakerDAO ecosystem. The proposal states that by using the liquidity DSR deposit token (sDAI) as collateral in the Aave V3 Ethereum pool, Aave can provide users with the dual benefits of earning DSR yields while utilizing their assets as collateral.If the proposal is approved, both sDAI and DAI will serve as reserve assets in the Aave V3 Ethereum pool, with sDAI primarily used as collateral and DAI as the borrowable asset.