MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol

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Crypto New Media Press

MakerDAO’s emergency shutdown option – which was weighed by community members following the appearance of a $4 million debt bubble on the decentralized finance (DeFi) platform – will not pass at this time. If a shutdown was triggered by the Maker team, all dai stablecoins in circulation would convert to the underlying asset, ether (ETH). […]

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