⛓️ Seeking Yield by Staked - Issue #36

📅 Multi-Collateral Dai (MCD) Nov. 18 Launch, 📈 Dai In Numbers: Momentum Report Q3, 💻 New Livepeer Explorer, & 📊 Current Staking and Lending Yields

This is the thirty-sixth issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.


📅 Multi-Collateral Dai (MCD) Nov. 18 Launch

Multi-Collateral Dai (MCD) is ready to launch on November 18, 2019 - a major milestone. MCD will introduce several new features to the protocol including additional collateral types and the Dai Savings Rate (DSR).

Dai also has a new visual identity. Take a look! 👇

In the coming weeks, a number of documents will be published on the official MakerDAO forums for discussion and review, including the CDP and DAI Migration Risk Report, ETH Risk Report, and BAT Risk Report. A number of on-chain votes among MKR holders will subsequently take place, ultimately to activate MCD.

Multi-Collateral Dai (MCD) is a major step forward in bringing financial stability and transparency to the masses. Stay tuned!

Learn more:

👉 BREAKING: Launch Date of Multi-Collateral Dai, the Dai Savings Rate, and More Announced at Devcon 5

👉 Collateral Onboarding Guide: How to Nominate Tokens for MCD

👉 Dai Savings Rate in Multi-Collateral Dai (MCD)

👉 Deposit Dai to the Robo-Advisor for Yield (RAY)


📈 Dai In Numbers: Momentum Report Q3

As highlighted in the recent report from MakerDAO and blockchain analytics platform Beneath, Dai continues to see substantial growth. The Coinbase Earn CDP Tutorial and Compound were primary drivers of Dai growth over the last few months.

More than 109,000 addresses used Dai in August. 🤯 For reference, a one-month all-time high of 16,000 active addresses was recorded in May.

Compound currently stores nearly 15% of all Dai. It is incredible that this figure has increased six-fold since recorded in the June report.

More than 50% of all Dai is currently held directly in private user wallets. It is also interesting to note that 20% of Dai is held in decentralized applications, 7% in identifiable multi-signature wallets, and 6% in escrow on exchanges. 

The current circulating supply of Dai is 85.64MM, collateralized by nearly $300MM worth of ETH or 1.45% of the total ETH supply.

Onward!

Learn more:

👉 Dai In Numbers: Momentum Report Q3

👉 Deposit Dai to the Robo-Advisor for Yield (RAY)


💻 Livepeer Explorer 2.0

The slick new Livepeer Explorer 2.0 is officially live. The new explorer features a validator dashboard, as well as breakdown of tokenholders, staking, and history. A rewards calculator displaying 12-month projected rewards is also now available.

We are proud supporters of Livepeer and excited by the continued progress of the project!

Learn more:

👉 Livepeer Explorer 2.0

👉 Delegate LPT to Staked


📊 Current Staking & Lending Yields

Staked currently supports 16 different crypto assets including Cosmos, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, EOS, Factom, Loom, Iris, Terra, Dai, and USDC.

Have questions? Find time to speak here.

Learn more and get started here!


About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency.

If you enjoy Seeking Yield or are a fan of what we are building at Staked, give us a shout on TwitterLinkedIn, or tell your friends and colleagues.

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