Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Markuri33 on September 08, 2022, 06:49:17 PM
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MakerDAO could begin earning a yield on its stablecoin reserves, but turning to Coinbase raises centralization concerns. At the proposed rate of 1.5%, the sum is expected to generate $24 million in annual revenue for MakerDAO.
The offer comes amid MakerDAO’s ambitions to improve revenue by investing its stablecoin reserves into alternative assets, including stocks, bonds, and mutual funds.
“As of writing, around 60% of the MakerDAO balance sheet is in stablecoin. We are often above 50% of stablecoin for the last 18 months,” read the February proposal. “This provides no revenues for MakerDAO.more info (https://decrypt.co/109259/coinbase-stablecoin-proposal-expected-earn-makerdao-24m-annually)