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MakerDAO
Week Summary
Technology
  • Earth has captured a temporary 'second moon,' a small asteroid named 2024 PT5, which will orbit until November 2024.
  • Research indicates that larger AI chatbots are increasingly prone to generating incorrect answers, raising concerns about their reliability.
  • Meta's Chief Technical Officer discussed advancements in AR and VR technologies, particularly focusing on the Orion AR glasses.
  • The author reflects on their experience with Rust, proposing several changes to improve the language's usability and safety features.
  • The Tor Project and Tails OS have merged to enhance their efforts in promoting online anonymity and privacy.
  • OpenAI is undergoing leadership changes, with key executives departing amid discussions about restructuring and the company's future direction.
  • Git-absorb
  • The concept of critical mass explains how significant changes occur when a threshold of acceptance is reached, impacting technology and society.
  • WordPress.org has banned WP Engine from accessing its resources due to ongoing legal disputes, raising concerns about security for WP Engine customers.
  • PostgreSQL 17
  • Hotwire Native is a web-first framework that simplifies mobile app development, allowing developers to reuse HTML and CSS across platforms.
  • Radian Aerospace is progressing on a reusable space plane, completing ground tests and aiming for full-scale flights by 2028.
  • A groundbreaking diabetes treatment using reprogrammed stem cells has enabled a patient to produce insulin independently for over a year.
  • Apple is developing a new home accessory that combines features of the iPad, Apple TV, and HomePod, expected to launch in 2025.
  • SpaceX's Starlink service is set to surpass 4 million subscribers, reflecting rapid growth and significant revenue projections.
  • TinyJS is a lightweight JavaScript library that simplifies dynamic HTML element creation and DOM manipulation for developers.
  • MakerDAO plans to allocate $600 million in DAI to Ethena's USDe and sUSDe stablecoins, enhancing yields.

    DAI-issuer MakerDAO is considering adding $600 million DAI into Ethena’s yield-bearing USDe and sUSDe stablecoins via the Morpho lending protocol. It added an initial $100 million on March 29th, enhancing DAI yields with USDe’s funding rate arbitrage strategy. Some DAO members are hesitant to ramp up Maker’s exposure to the relatively new protocol so quickly, though the proposers maintain that the risk parameters are acceptably low.

    Hi Impact
    MakerDAODAICryptocurrency
    Tuesday, April 2, 2024
  • MakerDAO's Endgame plan includes rebranding, launching its own chain, and creating SubDAOs.

    As part of its Endgame plan, Maker will rebrand, launch its own chain, and create SubDAO protocols to further innovation and capture market share.

    Hi Impact
    MakerDAOBlockchain
  • Spark, the first SubDAO under MakerDAO, is set to launch with a suite of DeFi products.

    Spark, the first SubDAO under MakerDAO, is set to launch along with its native token SPK, SparkLend, and Spark Cash & Savings as part of its suite of DeFi products. The initiative aims to decentralize banking-like features through the Dai Savings Rate. Users have a chance to pre-farm SPK tokens ahead of its launch. Spark's governance model and phased token distribution strategy encourages long-term stability and community engagement.

    Md Impact
    MakerDAOSparkProduct Launch
  • The evolving relationship between stablecoin issuers and lending protocols signifies a closer alignment and market structure change.

    Stablecoin issuers and lending protocols have a symbiotic relationship that has been increasingly closer aligned. Stablecoin issuers like MakerDAO are lending protocols through their collateralization, and lending protocols like Aave are arguably a specific type of stablecoin issuer. The specialization of lending protocols has changed the market structure, and stablecoin lenders will become the primary users of lending platforms.

    Hi Impact
    MakerDAOStablecoinsDeFi
    AaveStablecoinsDeFi
  • MakerDAO proposes delisting WBTC after custody change announcement.

    On August 9th, Bitgo announced it will transfer custody of WBTC to a joint venture with jurisdictions in Hong Kong and Singapore as part of a partnership with Justin Sun and the Tron ecosystem. In response, and due to previously-acquired Sun projects faltering, BA Labs has proposed removing WBTC as collateral on Maker and SparkLend. tBTC is being suggested as an alternative.

    Hi Impact
    MakerDAOWBTCJustin SunHong Kong
  • MakerDAO rebrands to "Sky", launching USDS stablecoin and SKY governance token with a new UI and metaDAO ecosystem.

    MakerDAO has rebranded to "Sky" and is set to launch a new stablecoin, USDS, and a governance token, SKY, on September 18, marking a large overhaul in its operations. The rebranding includes a new UI that aims to make the platform more approachable and expandable with a metaDAO ecosystem called "Sky Stars" for decentralized project governance. While the existing DAI and MKR tokens will remain, they can be voluntarily upgraded to the new tokens.

    Hi Impact
    MakerDAO
    USDS
    SKY
    DAI
    MKR
Month Summary
Technology
  • OpenAI is considering a new subscription model for its upcoming AI product, Strawberry, while also restructuring for better financial backing.
  • Telegram founder
  • The startup landscape is shifting towards more tech-intensive ventures, with a focus on specialized research and higher capital requirements.
  • Boom Supersonic's XB-1 demonstrator aircraft successfully completed its second flight, testing new systems for future supersonic travel.
  • announced the uncrewed return of Boeing's Starliner, with future crewed missions planned for 2025.
  • OpenAI's SearchGPT aims to compete with Google Search by providing AI-driven information retrieval, though it currently faces accuracy issues.
  • Tesla is preparing to unveil its autonomous robotaxi technology at an event in Los Angeles, indicating ongoing challenges in achieving full autonomy.
  • The US Department of Justice is investigating Nvidia for potential antitrust violations related to its AI chip market dominance.
  • Apple plans to use OLED screens in all iPhone 16 models, moving away from Japanese suppliers and introducing new AI features.
  • Amazon S3 has introduced conditional writes to prevent overwriting existing objects, simplifying data updates for developers.
  • Chinese scientists have developed a hydrogel that shows promise in treating osteoarthritis by restoring cartilage lubrication.
  • Nvidia's CEO is working to position the Nvidia as a comprehensive provider for data center needs, amidst growing competition from AMD and Intel.
  • OpenAI
  • Nvidia Blackwell
  • Amazon is set to release a revamped Alexa voice assistant in October, powered by AI models from Anthropic's Claude, and will be offered as a paid subscription service.