DAI’s stability interest fee keeps dropping

Today, MakerDAO activated a vote that could bring DAI’s stability fee down to 8.5%. If the vote passes, interest on DAI loans will have decreased a total of 11% since May.  The stability fee is accrued continuously, and is essentially the interest rate for borrowing DAI. When DAI was released, people remortgage their loans because

Synthetix DEX cans mobile app.. but why?

Within the past year, around $70 million has been locked in the Synthetix DEX (Decentralized Exchange). Today, the exchange announced that their mobile app was discontinued so that the team could focus on other things.  Synthetix has sat atop the DeFi Pulse “value locked” list for quite some time, trailing closely behind Compound and Maker.