In a slew of votes, MakerDAO approved increasing the reward for holding its $DAI stablecoin to 3.49% from 1%, ousted Paxos Dollar from the stablecoin reserve and favored reducing Gemini Dollar. sndr_krisztian reports
It also underscores Maker’s strategic shift, Karpatkey said, because the proposal includes hiking fees on crypto assets to take out a DAI loan. “Originally a platform for leveraged long traders, Maker now positions itself as a bridge to real-world assets yield,” said Karpatkey.The executive vote also included a slew of other proposals that influence the composition of DAI’s backing reserve assets.
The community effectively ditched Paxos Dollar from the reserve by approving a decrease in its debt ceiling to zero. The move has a substantial impact on fintech firm Paxos’ stablecoin, as Maker currently holds roughly half of USDP’s $1 billion supply.of up to $1.28 billion in U.S. Treasuries for the reserve, doubling down on giving traditional financial assets a bigger role in DAI’s reserve.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
MakerDAO Weighs Ditching $390M of Gemini Dollars from DAI ReserveThe result of MakerDAO vote could have a significant impact on Gemini and its $GUSD stablecoin, as Maker’s $DAI reserve holds roughly 88% of the token’s supply. sndr_krisztian reports
Les mer »
Someone Flash Loaned $200M From MakerDAO to Make $3 ProfitAn arbitrage bot took advantage of MakerDAO's DssFlash contract, creating a $200 million flash loan to extract $3 in profit. Reporting by oknightcrypto.
Les mer »
Stocks turn lower, Treasury yields jump as Fed leaves rates unchanged, signals more hikes in pipelineStocks turned lower Wednesday after the Federal Reserve, as expected, left interest rates unchanged but signaled further increases remain in the pipeline....
Les mer »
Fed keeps rates unchanged but signals 2 more potential hikes this yearThe Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.
Les mer »
Fed leaves rates steady, sees two small hikes by end of 2023The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year.
Les mer »