MakerDAO Community Debates Holding GUSD As Part Of Reserve

The MakerDAO community is voting on keeping Gemini's GUSD stablecoin as part of the protocol's reserves amidst insolvency concerns.  MakerDAO and its community are concerned about DAI's exposure to Gemini in the face of the liquidity crisis impacting the platform's Earn program.

Timeline of Gemini-dollar, Maker

Leading DeFi platform MakerDAO is currently in the middle of a governance vote that will decide the fate of the GUSD stablecoin. The lending protocol's community is voting to determine if Gemini's stablecoin should be retained in the decentralized autonomous organization's reserve.

MakerDAO, recently proposed to onboard $100 million worth of USDC into a iearnfinance on-chain vault. This move, according to the proposal, would give MakerDAO an estimated yield of 2% annually.

Société Générale, a French multinational investment bank and financial services company, has minted $7 million in DAI from MakerDAO. The post Investment firm Société Générale mints $7 million in stablecoin loan from MakerDAO appeared first on The Block.

In a recent turn of events, BlockTower Credit, an asset management firm, partnered with MakerDAO and Centrifuge to bring $220 million worth of real-world assets (RWA) into the DeFi ecosystem.

In a new proposal, the Open Market Committee of the MakerDAO governance team is seeking community approval to implement some parameter changes to the operation of the decentralized finance protocol (DeFi) in light of recent events in the lending vertical of the DeFi ecosystem.

MakerDAO is set to execute what the protocol has called its most important deployments of 2022 which includes compensation for delegates. The post MakerDAO to execute bundled governance actions, including pay for delegates appeared first on The Block.

MakerDAO announced a new proposal that would remove REN BTC vaults Their revenue through real-world assets increased, however, TVL declined In a tweet dated 10 December, MakerDAO revealed that they would be off-boarding various vault types with risk exposure. One of them would be REN-BTC vaults if the new proposal is passed.

 MakerDAO's TVL plunged over the past week  Its price suffered as well, declining drastically over the past few days  MakerDAO [MKR] experienced a substantial drop in its total value locked over the last seven days. This is unusual, considering that its contemporaries mostly saw some upside in their TVL.

MakerDAO introduced a new token to add to its collateral Revenue generated increased due to real world assets and plans to increase yields get approved MakerDAO, in a new proposal on 3 December, decided to increase the yields gained by DAI holders. Along with that, MakerDAO also added new tokens to their collateral.

The Winklevoss Twins-backed exchange Gemini has announced a “Trust Center” to display a breakdown of funds held on the platform. The post Gemini reveals $601M GUSD backing, 45+ licenses amid global exchange turmoil appeared first on CryptoSlate.