Maker DAO Starts Vote to Raise DAI Savings Rate to 3.3%
A core development team recently proposed increasing the DAI interest rate to 3.3% to the Maker DAO community.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
MakerDAO is set to buy up to $6 billion worth of T-bonds after the initial investment paid off well.
A core development team recently proposed increasing the DAI interest rate to 3.3% to the Maker DAO community.
MakerDAO will launch its Spark lending protocol to DeFi users on Tuesday, May 9th.
MakerDAO is to receive a 2.7% annual yield on up to $500 million worth of USDC it is planning to transfer to Coinbase’s custody.
Almost 80% of MakerDAO members voted to retain USDC as primary DAI reserve asset.
Coinbase announced that MakerDAO would be transferring up to $1.6 billion USDC to its Custody Reward Program in return for a 1.5% reward.
MakerDAO votes to diversify its balance sheet with TradFi investments.
MakerDAO governance proposal is meant to transfer $528M worth of USDC to earn Coinbase custody rewards.