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MakerDAO, the community behind the DAI (CRYPTO: DAI) stablecoin, just passed two Maker Improvement Proposals, MIP 81 and MIP 82. What Happened: The MIP 81 will send $1.6 billion worth of MakerDAO's USDC to Coinbase Global Inc (NASDAQ: COIN), for its institutional rewards pilot program.
Compound is pausing the use of illiquid assets, in order to protect itself from hackers that may attempt to manipulate lending markets. The post Compound suspends four tokens with low liquidity as lending assets appeared first on The Block.
The MakerDAO community has approved a proposal that will see the crypto protocol custody as much as $1.6 billion USD Coin (USDC) with cryptocurrency exchange Coinbase. The USDC will be held via Coinbase's institutional custody platform Coinbase Prime, and offer a yield of 1.
Coinbase's institutional-grade service will allow MakerDAO to earn up to 1.5% of the rewards of the funds.
The decentralized finance protocol will earn a 1.5% reward on the deposited USDC which represents one-third of the DAO's PSM.
Users won't be able to temporarily use 0x (ZRX), Basic Attention Token (BAT), Maker (MKR), and Yearn Finance (YFI) on Compound now.
Leading cryptocurrency exchange Coinbase announced Monday the launch of its institutional rewards program in partnership with stablecoin issuer MakerDAO. Coinbase to Custody $1.6 Billion USDC The exchange disclosed that MakerDAO community members accepted its proposal to the custody of $1.6 billion USDC stablecoin pegged 1:1 to the value of the U.S dollar with Coinbase Prime, designed to provide institutional and corporate solutions to specific customers.
America's largest cryptocurrency exchange Coinbase has entered into a partnership with decentralized finance lending protocol MakerDAO to custody a large amount of USDC.
The MakerDAO pilot will run through the end of 2022 before the community needs to vote on whether to keep its USDC with Coinbase next year.
The MakerDAO community has approved a proposal by Coinbase to custody up to $1.6 billion USDC with the Prime reward program. The post Coinbase to custody up to $1.6B USDC for MakerDAO appeared first on CryptoSlate.
The MakerDAO community ratified proposals to custody $1.6 billion USDC with Coinbase and lend the exchange $500 million additional USDC. The post MakerDAO moves ahead with $1.6 billion in Coinbase custody appeared first on The Block.
Up to $1.6 billion in USD Coin will be custodied with Coinbase Prime, where it will earn a 1.5% reward.
Maker looking to buy treasuries to make a strategic investment in Ethereum (ETH).
Crypto price today Oct 23th: the crypto trades feel again on edge as they approach November with a strong possibility for another interest hike of 75 bps. Thus, even the major cryptocurrencies witnessed casualties and lost more ground.
MakerDAO (MKR) is planning to deposit $1.6 billion in USDC on Coinbase Prime to earn a yield of 1.5% per year. A poll on the proposal is three days away from closing.
Maker (MKR) is the governance token of the Maker Decentralized Autonomous Organization (MakerDAO) and the Maker Protocol.
Maker could earn roughly 15 million USDC in annual revenue by moving assets to Coinbase to earn institutional rewards. The post MakerDAO on course to custody 1.1 billion USDC with Coinbase for rewards appeared first on The Block.
A proposal to move the stablecoin assets was made by Coinbase in September and is nearing a final deadline.
BeInCrypto takes a look at five projects that beat the crypto market last week, more specifically, from Oct. 14 to Oct. 21. The post Why CSPR, TWT, TON, MKR, and AAVE Are Outperforming the Crypto Market appeared first on BeInCrypto.
Ethereum (ETH) based MakerDAO‘s native coin MKR is up 74% over the last 30 days and currently trading at $1,059, according to CryptoSlate data. The post Maker up 74% over past 30 days appeared first on CryptoSlate.
MakerDAO added a new executive proposal to its governance portal while it await its users decision.
The prices of cryptocurrencies have tanked once more. And while several big-name cryptos struggle with a bear run, many digital assets are trading in the green.
Maker DAO's MKR token was among the best performers in the last four weeks. Its bulls have dominated during this time but multiple factors currently suggest that they might be about to take a break.
MakerDAO, one of the largest decentralized protocols, is in the middle of a makeover. Rifts have emerged between investors and founders as they offer competing plans for making the protocol more decentralized and try to drive growth.
