DeFi Giant MakerDAO Avoiding Shutdown in the Face of Tanking ETH — For Now

As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the network, is looking at responses including a shutdown — though that possibility remains unlikely at this point.

Per a March 12 call in response to “Black Thursday” losses, developers and MakerDAO Foundation members weighed the damage that the drop in Ether’s price had done to MakerDAO’s lending protocol.

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