Express
$2M Of MakerDAO Debt Will Be Wiped As Auction Reaches Final Stages
Summary: In just the first phase of the MakerDAO debt auction, bidders have already committed to buying Maker (MKR) tokens for a total of $2 million in Dai (DAI). According to Dune Analytics, most of the current winning bids were placed at around 1:25 a.m. EST, March 20, so if no further bids come in, most ...
In just the first phase of the MakerDAO debt auction, bidders have already committed to buying Maker (MKR) tokens for a total of $2 million in Dai (DAI).
According to Dune Analytics, most of the current winning bids were placed at around 1:25 a.m. EST, March 20, so if no further bids come in, most of the lots will be sold at around 7:25 a.m. EST.
The $2 million from bidders will be wiped off the debt of $4 million incurred as a result of last week’s Ether (ETH) market instability.
By Janelle Fox
Tags: Auction,Dai,debt,Ether,Maker,MakerDAO
Link: $2M Of MakerDAO Debt Will Be Wiped As Auction Reaches Final Stages [Copy]
