Decentralized finance (DeFi) credit facility, MakerDAO, will begin a MKR governance token auction in two days, the first time such an event has happened in the protocol’s history. The MKR auction, known as the Debt Auction, was triggered after the systemwide under-collateralized debt reached over $4 million. The auction will programmatically mint and sell MKR […]The post In a first, MakerDAO protocol to auction MKR tokens to cover $4M bad debt appeared first on The Block.
