News Formal

MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 3 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The decision opens the way for MakerDAO to earn an estimated 2% annual yield by depositing circle’s $USDC from its reserve system onto a iearnfinance vault. sndr_krisztian reports

The move may also boost Yearn’s dwindling user activity. The protocol’s total value locked, a popular indicator to show the worth of assets deployed on a DeFi protocol, has dropped to $442 million from an all-time high of $6.

9 billion in December 2021, according to data from
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakerDAO circle iearnfinance sndr_krisztian Total lost of confidence in makerdao

MakerDAO circle iearnfinance sndr_krisztian MakerDAO just giving money away anywhere including Shitcoin $cfg centrifuge

MakerDAO circle iearnfinance sndr_krisztian Totally safe, risk free yield

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines