MakerDAO approves deployment of $100M USDC on DeFi protocol Yearn Finance

01/24 04:19

Decentralized-finance (DeFi) giant MakerDAO’s community approved Monday a proposal to deploy up to $100 million in USD coin (USDC) from its reserve on DeFi protocol Yearn Finance, where the deposited stablecoin will earn a yield. Maker will open an individual non-custodial vault on Yearn with a ceiling set at $100 million to deposit USDC from its "peg stability module," or PSM, which backs the value of Maker’s decentralized stablecoin DAI. According to the proposal submitted at the end of November, MakerDAO is predicted to earn a 2% annual yield with the strategy.
bullishbullishbullish1bearishbearishbearishRibassistaMi piaceCondividi
DisclaimerIl contenuto di cui sopra non rappresenta le posizioni di HTX.HTX non fornisce alcuna raccomandazione di trading.

Articoli correlati

  • Image

    $500 mln USDC added to Solana: What it means for liquidity

  • Image

    All about first-ever stablecoin insurance premium – USDC, PYUSD & what’s next!

  • Image

    XDC launches real-world USDC spending as stablecoins cross $307B

Tutti i commenti0RecentePopolare

avatar
RecentePopolare

Articoli correlati

  • Image

    $500 mln USDC added to Solana: What it means for liquidity

  • Image

    All about first-ever stablecoin insurance premium – USDC, PYUSD & what’s next!

  • Image

    XDC launches real-world USDC spending as stablecoins cross $307B