# MakerDAO Merges with Chainlink for DAI Stablecoin Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/makerdao-merges-with-chainlink-for-dai-stablecoin Last modified: 2023-02-10 --- By John Heffernan · 2023-02-10 Tags: stocks, blockchain, Crypto, crypto, Blockchain, DeFI, Business, Market, Money, Technology, Tech today, Web3, FBX, Coinweb, 2023, Digital Assets, Tokenomics Signed: no (published before platform launch). Nothing in this article is investment advice. Chainlink Automation will perform specific tasks such as price updates and liquidity balancing to help keep Maker's $5 billion DAI stablecoin stable. ### Maker DAO integrated with Chainlink [MakerDAO](https://www.coindesk.com/learn/how-does-makerdao-work-understanding-the-central-bank-of-crypto/), one of the largest decentralized finances (DeFi) platforms, announced Thursday that it has successfully integrated blockchain data provider Chainlink's smart contract automation into its Keeper system, which ensures the stability of Maker's DAI stablecoin. According to the press release, Chainlink Automation will perform specific tasks such as price updates, liquidity balancing for the DAI Direct Deposit Module (D3M), and debt ceiling upgrades for assets held as collateral. “This network of automated bots performs essential tasks to maintain the Maker protocol and will be greatly expanded through the integration with Chainlink’s renowned, hyper-reliable automation platform,” Nadia Álvarez, a member of MakerDAO’s Growth Core Unit, said in a statement. Maker is an automated crypto lender that has $7 billion in assets pledged on its platform and also issues the $5 billion DAI stablecoin. The protocol is governed by a decentralized autonomous organization through proposals and voting, and holders of the maker (MKR) governance token can support or oppose decisions. The move was approved by the community in an executive vote that ended Thursday at 03:23 UTC. According to [MakerDAO's](https://vote.makerdao.com/executive/template-executive-proposal-dust-parameter-changes-chainlink-automation-keeper-network-stream-setup-recognized-delegate-compensation-for-january-february-8-2023#comments) voting page, the integration will be ready for use on Saturday. ### Chainlink evolved into a deeply embedded software platform The decision comes as Chainlink has evolved into a deeply embedded software platform, also known as oracle, in the Web3 ecosystem for feeding blockchain networks with real-world data. It has formed extensive alliances with both crypto and traditional companies, including telecom giant Deutsche Telekom and interbank communication provider SWIFT. “The advancement of the technology backing stablecoins is a necessary component to unlock the future of finance,” said Johann Eid, vice president of Go-To-Market at Chainlink Labs, the developer firm behind Chainlink. “As more and more traditional financial institutions partner with MakerDAO and assess the applicability of DeFi, the required underlying infrastructure becomes increasingly complex,” he said about the integration. ### More News [Bitcoin Takes A Hit From SEC News](https://www.livetradingnews.com/bitcoin-takes-a-hit-from-sec-news-220168.html) [Shocking News in Finance Most People Don’t Know](https://www.livetradingnews.com/shocking-news-in-finance-most-people-dont-know-220169.html) [Top 10 Most Influential People’s Opinions about Bitcoin](https://www.livetradingnews.com/top-10-most-influential-peoples-opinions-about-bitcoin-220170.html) --- This Markdown mirrors https://www.livetradingnews.com/makerdao-merges-with-chainlink-for-dai-stablecoin. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt