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Coinbase has just submitted a proposal that could see MakerDAO earn $24 million annually if its community approves. The proposal comes just days after Rune Christensen's big push to make the MakerDAO protocol reduce its reliance on USDC as collateral.
As part of a proposal that was submitted by Coinbase, MakerDAO (MKR) could earn up to $24 million per year if it is accepted
Coinspeaker Coinbase Publishes Governance Proposal that Could Increase MakerDAO's Revenue by $24M
U.S. crypto exchange Coinbase Global Inc (NASDAQ: COIN) has put out a new proposal that would increase Maker DAO's (CRYPTO: MKR) revenue by $24 million a year. What Happened: In a new governance proposal released on Tuesday, Coinbase proposed transferring 33% or $1.6 billion of USD Coin (CRYPTO: USDC) on MakerDao's Peg Stability Module (PSM) into Coinbase's yield-bearing account.
Coinbase has submitted a proposal that could see MakerDAO (MKR) earn up to $24 million annually if passed. The post Coinbase submits proposal that could earn MakerDAO $24M annually appeared first on CryptoSlate.
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. MakerDAO's token MKR formed a series of lower highs on the price charts in recent days.
MakerDAO, on 1 Septermber, posted an announcement regarding a new executive proposal. The proposed executive propsal was for DAO members to cast their votes while making important decisions.
MakerDAO co-founder Rune Christensen outlined his vision for the DAI stablecoin, outlining the importance of a free-floating DAI and limited RWA (Real World Asset) exposure. Christensen suggested turning the stablecoin into a free-floating asset if the protocol cannot reach the 75% decentralized collateral threshold within three years.
The co-founder of MakerDAO has laid out his plan to convert the DAI stablecoin into a free-floating asset if the protocol fails to attain a 75% decentralized collateral level within three years.
Rune Christensen has outlined his vision for turning the DAI stablecoin into a free-floating asset if the protocol is unable to reach a 75% decentralized collateral threshold within three years.
MakerDAO co-founder Rune Christensen has reached out to the community in light of recent conversations of decoupling its native token from USD Coin (CRYPTO: USDC) amid the sanctioning of Tornado Cash to explain why free-floating Dai (CRYPTO: DAI) may be the only option for the decentralized autonomous organization (DAO). Christensen acknowledged underestimating the hazards associated with risk-weighted assets in his blog post titled "The Path of Compliance and the Path of Decentralization: Why Maker has no option but to Prepare to Free Float Dai.
The recent sanctioning of Tornado Cash has forced some platforms to take critical decisions to offer more security.
In light of recent discussions about separating its native token from USD Coin (USDC) during the approval of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community and explained why free-floating DAI might be the only option for the decentralized autonomous organization (DAO).
While revealing the protocol's inability to comply with regulators, Christensen suggested that "we must choose the path of decentralization."
The current Total Value Locked (TVL) across all DeFi platforms stood at $59.18 billion at the time of writing. DeFi platforms have been severely affected by general downturn that has plagued the cryptocurrency market since the beginning of August.
The landscape of decentralized finance (DeFi) could soon change. A new project called Uniglo.io introduces novel concepts that could help safeguard investments for token holders.
MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced that Huntingdon Valley Bank (HVB) has been “approved to utilize a $100M participation facility, funded by a Maker Vault.
The partnership gets 87% approval from Maker's DAO
MakerDAO, a smart contract protocol built on the Ethereum network, announced on Tuesday that it is lending out 100 million DAI to the United States-based commercial bank, Huntingdon Valley Bank. Today is a defining moment to envision the potential of connecting decentralized finance and real-world finance.
The market is still in a funk after a long, grueling summer. Losses were widespread among digital assets, with even the most popular coins such as Bitcoin and Ethereum taking heavy hits.
DOYLESTOWN, Pa., Aug. 19, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc.
