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MakerDAO founder Rune Christensen has been noticed remodeling 200,000 DAI tokens into 197.5 MKR tokens. The transactions had been monitored by Spot On Chain and had been finished at a mean value of $1,013, roughly 21 and 12 hours in the past. The transfer is seen as a present of confidence in MKR, which is at present buying and selling at $938. MakerDAO is a decentralized lending platform that enables customers to borrow DAI stablecoins towards the collateral of cryptocurrencies like ETH and BAT. The platform has acquired traction in recent times because of its distinctive method to stablecoins and decentralized finance.
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