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

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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
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