{"id":255112,"date":"2022-09-02T08:00:54","date_gmt":"2022-09-02T02:30:54","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=255112"},"modified":"2022-09-01T18:20:19","modified_gmt":"2022-09-01T12:50:19","slug":"maker-launches-new-protocol-with-whales-going-gaga-but-this-issue-persists","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/maker-launches-new-protocol-with-whales-going-gaga-but-this-issue-persists\/","title":{"rendered":"Maker launches new protocol with whales going gaga, but this issue persists"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">MakerDAO, on 1 Septermber, <a href=\"https:\/\/twitter.com\/MakerDAO\/status\/1565075473394270208\">posted<\/a> an announcement regarding a new executive proposal. The proposed executive propsal was for DAO members to cast their votes while making important decisions.<\/span><\/p>\n<p>The first decision being the drawing down of $25 million DAI to <a href=\"https:\/\/vote.makerdao.com\/executive\/template-executive-vote-hvbank-rwa-009-drawdown-august-24-2022#proposal-detail\">HVbank.<\/a> The second decision revolves around the launch of the Maker teleport (technology that helps users exchange DAI from L2 to L1) on Optimism and Arbitrum.<\/p>\n<p><span style=\"font-weight: 400;\">With the upcoming launch of the teleport technology on Optimism and Arbitrum, their stablecoins will be able to scale further and receive massive adoption much faster. This move seems to have caught the attention of not just traders, but some whales as well.<\/span><\/p>\n<h3><b>What&#8217;s all the buzz<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">According to a recent tweet by <\/span><a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1565058307512905728?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1565058307512905728%7Ctwgr%5Ed6c81294cfefce7eb2e2fc7f653882bfceb66028%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Ftwitter.trello.services%2Ftweets.html7B22secret223A229Mdu7pC0zXCamhjeHXWGAeLLCmqnXP5lk7T7859xyqjjKyjDEpv4xD4LdfXKgo9q222C22context223A7B22version223A22build-177931222C22member223A2262fb216ad93ba86daa113c25222C22permissions223A7B22board223A22write222C22organization223A22read222C22card223A22write227D2C22organization223A2260fe1fbdb5fb7109a31d039b222C22board223A2261156304430c673037245e98222C22card223A226310331b9e76be01f85ea4cc222C22command223A22attachment-sections222C22plugin223A2255a5d917446f51777421000b227D2C22locale223A22en-GB227D\"><span style=\"font-weight: 400;\">Santiment<\/span><\/a><span style=\"font-weight: 400;\">, whales have been showing massive interest in the MKR token with a huge uptick in the $100k+ transactions on the network since 11 August.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But that\u2019s not the only thing the MKR token has got going for itself. The address count has also been on a steady rise since the past month.<\/span><\/p>\n<figure id=\"attachment_255117\" aria-describedby=\"caption-attachment-255117\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Addresses-Count_2022-09-01.png\"><img decoding=\"async\" class=\"size-full wp-image-255117\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Addresses-Count_2022-09-01.png\" alt=\"\" width=\"2048\" height=\"1019\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Addresses-Count_2022-09-01.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Addresses-Count_2022-09-01-300x149.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Addresses-Count_2022-09-01-1024x510.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Addresses-Count_2022-09-01-768x382.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Addresses-Count_2022-09-01-1536x764.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-255117\" class=\"wp-caption-text\">Source: Messari<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Along with the rise in the addresses, the volume has also shown some growth in the past month. It managed to reach new heights during mid-August.<\/span><\/p>\n<figure id=\"attachment_255119\" aria-describedby=\"caption-attachment-255119\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Maker-MKR-12.42.23-01-Sep-2022.png\"><img decoding=\"async\" class=\"size-full wp-image-255119\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Maker-MKR-12.42.23-01-Sep-2022.png\" alt=\"\" width=\"2048\" height=\"693\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Maker-MKR-12.42.23-01-Sep-2022.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Maker-MKR-12.42.23-01-Sep-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Maker-MKR-12.42.23-01-Sep-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Maker-MKR-12.42.23-01-Sep-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Maker-MKR-12.42.23-01-Sep-2022-1536x520.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-255119\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">MKR has also been getting some traction on social media. However. its social media mentions and social engagements in the past week haven&#8217;t been very impressive.<\/span><\/p>\n<figure id=\"attachment_255121\" aria-describedby=\"caption-attachment-255121\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-01-at-12.55.10-PM.png\"><img decoding=\"async\" class=\"size-full wp-image-255121\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-01-at-12.55.10-PM.png\" alt=\"\" width=\"2048\" height=\"832\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-01-at-12.55.10-PM.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-01-at-12.55.10-PM-300x122.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-01-at-12.55.10-PM-1024x416.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-01-at-12.55.10-PM-768x312.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-01-at-12.55.10-PM-1536x624.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-255121\" class=\"wp-caption-text\">Source: LunarCrush<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A lot of the credit for the token\u2019s seemingly bright future could be attributed to the people at MakerDAO who have been putting a lot of work in behind the scenes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a recent <\/span><a href=\"https:\/\/twitter.com\/MakerDAO\/status\/1564263104292294657?s=20&amp;t=9duI2FBJu9dH4yZfYacXVA\"><span style=\"font-weight: 400;\">update<\/span><\/a><span style=\"font-weight: 400;\">, MakerDAO mentioned that the organization has been working with a bank for the first commercial loan participation between a US-regulated financial institution and a decentralized digital currency. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the journey hasn\u2019t been perfect for the MKR token and traders need to keep in mind some other factors as well. The marketcap has been going south since the beginning of August.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, MKR has been losing a lot of its marketcap dominance. The metric has plummeted 20% since August.<\/span><\/p>\n<figure id=\"attachment_255123\" aria-describedby=\"caption-attachment-255123\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Circulating-Marketcap_2022-09-01.png\"><img decoding=\"async\" class=\"size-full wp-image-255123\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Circulating-Marketcap_2022-09-01.png\" alt=\"\" width=\"2048\" height=\"1019\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Circulating-Marketcap_2022-09-01.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Circulating-Marketcap_2022-09-01-300x149.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Circulating-Marketcap_2022-09-01-1024x510.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Circulating-Marketcap_2022-09-01-768x382.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/MKR_Circulating-Marketcap_2022-09-01-1536x764.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-255123\" class=\"wp-caption-text\">Source: Messari<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>MakerDAO, on 1 Septermber, posted an announcement regarding a new executive proposal. The proposed executive propsal was for DAO members to cast their votes while making important decisions. The first decision being the drawing down of $25 million DAI to HVbank. The second decision revolves around the launch of the Maker teleport (technology that helps<a href=\"https:\/\/ambcrypto.com\/maker-launches-new-protocol-with-whales-going-gaga-but-this-issue-persists\/\">Continue reading <span class=\"sr-only\">&#8220;Maker launches new protocol with whales going gaga, but this issue persists&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":255163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[186,1757],"class_list":["post-255112","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-maker","tag-maker-dao"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Maker launches new protocol with whales going gaga, but this issue persists - AMBCrypto<\/title>\n<meta name=\"description\" content=\"In a recent tweet, makerDAO posted about a new executive proposal,so that members of their DAO can vote upon some decisions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/maker-launches-new-protocol-with-whales-going-gaga-but-this-issue-persists\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maker launches new protocol with whales going gaga, but this issue persists - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"MakerDAO, on 1 Septermber, posted an announcement regarding a new executive proposal. 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