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DeFi Platform MakerDAO Weighs Ditching $390M of GUSD Stablecoin from DAI Reserve

Altszn.com by Altszn.com
June 14, 2023
in Blockchain, Crypto, DeFi, Web3
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DeFi Platform MakerDAO Weighs Ditching $390M of GUSD Stablecoin from DAI Reserve
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Gemini – the crypto exchange founded and run by Tyler and Cameron Winklevoss and the issuer of GUSD – pays a 2% annual reward to MakerDAO for using the token as a reserve asset. The proposal, however, argued that the platform could enjoy better revenue opportunities, for example by investing in short-term U.S. Treasuries, which currently offer about a 5% yield.



Read More: www.coindesk.com

Tags: 390MdaiDeFiditchingGUSDMakerDAOplatformReservestablecoinWeighs
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