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MakerDAO, the DeFi organization that facilitates the generation of the DAI stablecoin, is releasing Spark Protocol – a lending platform that will rival Aave.

DeFi stablecoin platform MakerDAO has proposed Spark Protocol. The new system is based on the Aave lending protocol's smart contracts.

The proposed Spark Protocol will leverage Maker's DAI stablecoin and its crypto assets for liquidity, and would be based on the Aave v3 smart contract system.

Lido Finance's [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave's [AAVE] lending pools on its protocol. Over the last week, MakerDAO's steCRV experienced a surge of 636%, while Aave's Wrapped stETH [wstETH] increased by 140%.

Yearn Finance, Balancer, Euler, MakerDAO, and more than 30 top DeFi dApps are taking part in a "creative campaign" to bring to light the various advantages of permissionless and decentralized protocols.

Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is asking for 20,000 MKR tokens to move forward with the idea.

MakerDAO, through its Governance Facilitator(s) and Starknet Engineering and Protocol Engineering Core Units, has proposed to redeploy its Teleport Layer 2 (L2) Gateways as part of several changes to be implemented to the DeFi protocol.

Key Points: MakerDAO's revenue has dropped dramatically in 2022, with the decision to switch to real assets being the protocol's primary source of income. According to the study, MarkerDAO overall income fell by 42% from 112 million DAI ($112 million) in 2021 to 65 million DAI in 2022.

Maker [MKR] offered over 30% gains to investors in January. At press time, MKR's value was $683 after losing substantial value in its recent price consolidation range.

With “scientific sustainability” as a core principle, the Maker Constitution is to play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund.

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).