$1 Million loans are being minted on MakerDAO

MakerDAOs ($MKR) first $1 million Dai ($DAI) loan was conducted in late June with MakerDAO expecting more to be on the way. “I would not be surprised to see a $3 million mint by end of the year,” MakerDAO's Joe Quintilian, “Minting high dollar amounts has been steadily increasing over the past year.” Ethereum's ($ETH) steady price rise is speculated to be behind the action.