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MakerDAO's revenue was impacted by the bear market of 2022 as the stablecoin issuer's earnings fell 42% from the previous year.

Altcoins are rising above the moving average lines and climbing to new highs.

In a new proposal, the Open Market Committee of leading decentralized finance platform (DeFi) MakerDAO has sought community approval to increase the maximum debt ceiling on its Compound DAI Direct Deposit Module (Compound V2 D3M) by 300% and to set the Target Available Debt on the same vault to 5 million DAI.

Decentralized Finance protocol and builders of DAI, MakerDAO [MKR] have been involved in burning its tokens as part of its tokenomics strategy. This fascinating activity has been happening since 2018.

The MakerDAO community has approved a proposal to deploy around $100 million worth of USDC into Yearn Finance.  The decision to deposit the funds on Yearn Finance will allow MakerDAO to earn an annual yield of around 2% on the stablecoin deposits.

In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle's USD Coin (USDC) in a Yearn Finance yield-generating account called a “vault.” The proposal, submitted on January 9, aims to look for a way MakerDAO could split its treasury allocations and earn yield.

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MakerDAO community has supported a decision to deposit $100 million of USDC stablecoin into a Yearn Finance vault.

After its proposal in November to deploy $100 USD Coin [USDC] into the Yearn Finance [YFI] DeFi protocol, MakerDAO [MKR] finally approved it. Details from the poll showed that 71.56% of the MKR community voted in favor of the proposition, while 28.44% preferred to say no to the “Yearn to earn Yield” proposal.

The decentralized finance platform expects to earn around 2% annually on its deposit.

The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.

The idea of bringing real-world assets (RWAs) gained some traction during the 2021 bull run. However, regulatory concerns and the onset of the bear market later in the year curtailed any progress in the segment.

Maker [MKR] offered investors over 45% gains in the past few weeks after rising from $504 to $746. However, it failed to move past a critical selling pressure zone.

Paxos, the company that issues Stablecoins, has come forward with a new proposal in which it suggests the payout of monthly marketing fees to MakerDAO, the top decentralized finance (DeFi) protocol, to boost the use of its Pax dollar (USDP).

Paxos, the company that issues Stablecoins, has come forward with a new proposal in which it suggests the payout of monthly marketing fees to MakerDAO, the top decentralized finance (DeFi) protocol, to boost the use of its Pax dollar (USDP).

In a new proposal, Stablecoin issuer Paxos proposed the payment of monthly marketing fees to the leading decentralized finance (DeFi) protocol, MakerDAO, to promote the use of its Pax dollar (USDP) within the Maker ecosystem and increase the USDP ceiling to 1.5B USDP.

Ethereum Ecosystem Tokens also known as ERC20 tokens have been a vital contributor to the massive adoption and expansion of crypto and blockchain. ERC20 allows smart-contract-enabled tokens to be used across Ethereum-based networks and projects across DeFi- Decentralized Finance, GameFi, Decentralized Applications, and other categories.

The proposal by Paxos is part of MakerDAO's effort to generate income on its $7 billion digital asset reserve.

The MakerDAO community voted in favor of keeping Gemini USD stablecoin as part of the protocol's DAI stablecoin reserves amid concerns about insolvency.

In a dramatically tight voting, some 51% of votes favored ousting Gemini's stablecoin from MakerDAO's reserve. The result is a significant blow to GUSD, as MakerDAO has held 85% of all tokens in circulation.

The MakerDAO community is voting on keeping Gemini's GUSD stablecoin as part of the protocol's reserves amidst insolvency concerns.  MakerDAO and its community are concerned about DAI's exposure to Gemini in the face of the liquidity crisis impacting the platform's Earn program.

Leading DeFi platform MakerDAO is currently in the middle of a governance vote that will decide the fate of the GUSD stablecoin. The lending protocol's community is voting to determine if Gemini's stablecoin should be retained in the decentralized autonomous organization's reserve.

Decentralized finance giant MakerDAO's community has commenced governance polls on how best to manage the minting of DAI using GUSD, given Gemini's financial crisis.

MakerDAO has begun the process that could see the protocol limit the DAI's exposure to Gemini's stablecoin. The post MakerDAO voting to limit DAI exposure to Gemini amid insolvency fears appeared first on The Block.