The post KangaMoon enters CEX listings, competition escalates with Maker DAO and Aave appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rivalry between Maker DAO and Aave intensifies, and KangaMoon announces its new centralized exchange listing. The previous gloominess that took the crypto market by storm is starting to fade as we experience new upgrades and developments from several altcoins in the market, including the likes of Aave and MakerDAO. While Aave coin qualifies for possible price hike this year due to Aave protocol upgrade, MakerDAO rivals the token with its stablecoin upgrade that focuses on growth. On the other hand, top crypto investors are considering diving into the memecoin market now that KangaMoon (KANG) memecoin has announced its upcoming listing with BitMart exchange platform. Maker token to benefit from MakerDAO’s stablecoin launch The governing body behind the Maker Protocol, MakerDAO, is introducing two new stablecoins that will replace DAI (its initial stablecoin). This new stablecoins namely PureDai and NewStable signal as a new development for Maker token, by enabling better community involvement. In the announcement, it was revealed that the PureDai stablecoin will use only decentralized assets like Ethereum while NewStable will focus on regulatory compliance and mass-market adoption with a USD peg and real-world asset backing. In addition, holders of Maker token will now be able to upgrade to NewGovToken (a new governance token) at a 1:24,000 ratio, potentially boosting the value and stability of MKR token. Aave token could outperform top altcoins with protocol upgrade Following recents updates from Aave social media platforms, the crypto network has made plans to improve its DeFi market lending protocol with Aave V4. This upgrade is expected to make Aave protocol more flexible, reduce the need for governance, and make better use of capital.  These upcoming Aave developments can potentially benefit…

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Filed under: News - @ May 25, 2024 11:12 pm