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BeInCrypto takes a look at the five projects that dumped the most last week in the crypto market, more specifically, from Oct. 14 to Oct. 21. The post XCN, MKR, CSPR, BNX and QNT Start to Dump After Loss of Support appeared first on BeInCrypto.
In a recent development, it was discovered that MakerDAO‘s portfolio's exposure to risk had grown quite a bit, even though it had declined steadily over the past six months.
The top US crypto exchange Coinbase is partnering with MakerDAO in a custody deal nearly doubling the exchange's US Dollar Coin (USDC) holdings. Under the agreement, MakerDAO, the decentralized autonomous organization (DAO) behind the stablecoin DAI, will deposit up to $1.6 billion of its USDC holdings with Coinbase Prime.
The extended bearish trend caused panic and massive sell-offs in the crypto space. But it seems that the industry still records progressive moves.
A proposal to deposit up to $1.6 billion in USD Coin (USDC) with Coinbase Prime, where it will earn 1.5%, has been authorized by the MakerDAO community. After Coinbase Institutional presented the proposal on 6 September, it was approved with 75% of the votes on 24 October.
MakerDAO (MKR) members voted in favor of founder Rune Christensen's "Endgame Plan" by an overwhelming majority of 80%. The post MakerDAO ‘Endgame Plan' Passed in a Vote Where Founder Had 60% Influence appeared first on BeInCrypto.
MakerDAO (MKR), the decentralized organization that manages the stablecoin DAI, will move $1.6bn of its USD Coin (USDC) reserves to Coinbase to earn a yield of up to 1.5%.
The MakerDAO community will earn a 1.5% reward on its USDC while holding funds with Coinbase Prime.
MakerDAO's (MKR) Endgame proposal was overwhelmingly passed by the community, with around 80% of the votes in support. The post MakerDAO MKR community approves ‘endgame' proposal appeared first on CryptoSlate.
Compound (COMP/USD), an Ethereum-based decentralised lending protocols that's among the top markets in the crypto industry, has adopted a proposal suspending the use of four digital assets as lending collateral. The move follows a governance vote that passed Proposal-131 by 99.
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.
