This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. On Tuesday, September 6th, a proposal to transfer a ...
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Sky faces scrutiny over potential $756M exploit flaw
Sky, formerly known as MakerDAO, is facing criticism for its reliance on an externally owned account (EOA) to manage $756 million in USD Coin reserves within its lite peg stability module (PSM).
The adjustments include changes to Maker Vaults, SparkLend DAI Borrow Rate, the PSM, the Dai Savings Rate (DSR), and the Governance Security Module (GSM) Pause Delay. MakerDAO, the organization ...
The idea of the proposal is to transfer 33% of MakerDAO’s Peg Stability Module (PSM) to Coinbase. Considering that the PSM holds $1.6 billion, this move would place $528 million in USDC into Coinbase ...
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