The Gemini cryptocurrency exchange and trading platform is adding support for three more tokens on April 24. Gemini announced the addition of trading pairs featuring Dai (DAI), Chainlink (LINK), and Orchid (OXT) in a blog post on April 9. The new additions will bring the total number of tradable tokens on Gemini's platform up to nine. Additions based on markets and consumption models Gemini has chosen these tokens in particular for their proven markets and novel consumption models, which suggest the demand will continue to grow as the ecosystem evolves. Dai is the collateral-backed stablecoin of the Maker Protocol’s decentralized …

MakerDAO, a leading firm in the burgeoning sector of decentralized finance (DeFI) built on the Ethereum (ETH) network, has hastily called for a community vote on March 13 ahead of the project's first-ever Debt Auction. According to Maker (MKR), the vote will decide on needed modifications that were identified during the fallout from the recent crypto market bloodbath — which saw the price of ETH plummet roughly 30% in 24 hours. Ether crash triggers Maker loan failures MakerDAO is the DeFi protocol that creates the stablecoin Dai (DAI). Dai are minted by users taking on collateralized debt positions, where collateral …