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MakerDAO forges forward with its investment diversification, details inside

ambcrypto.com

A proposal to deposit up to $1.6 billion in USD Coin (USDC) with Coinbase Prime, where it will earn 1.5%, has been authorized by the MakerDAO community. After Coinbase Institutional presented the proposal on 6 September, it was approved with 75% of the votes on 24 October.

Read in Full: ambcrypto.com
Bitcoin MKR
$ 2678

Timeline of Maker


MakerDAO ‘Endgame Plan' Passed in a Vote Where Founder Had 60% Influence - BeInCrypto

MakerDAO (MKR) members voted in favor of founder Rune Christensen's "Endgame Plan" by an overwhelming majority of 80%. The post MakerDAO ‘Endgame Plan' Passed in a Vote Where Founder Had 60% Influence appeared first on BeInCrypto.


MakerDAO MKR community approves ‘endgame' proposal - CryptoSlate

MakerDAO's (MKR) Endgame proposal was overwhelmingly passed by the community, with around 80% of the votes in support. The post MakerDAO MKR community approves ‘endgame' proposal appeared first on CryptoSlate.


Why Coinbase Is Taking Custody Of $1.6B Worth Of USDC From MakerDAO - Benzinga

MakerDAO, the community behind the DAI (CRYPTO: DAI) stablecoin, just passed two Maker Improvement Proposals, MIP 81 and MIP 82. What Happened: The MIP 81 will send $1.6 billion worth of MakerDAO's USDC to Coinbase Global Inc (NASDAQ: COIN), for its institutional rewards pilot program.


MakerDAO approves custody of $1.6 billion USDC via Coinbase Prime - Invezz

The MakerDAO community has approved a proposal that will see the crypto protocol custody as much as $1.6 billion USD Coin (USDC) with cryptocurrency exchange Coinbase. The USDC will be held via Coinbase's institutional custody platform Coinbase Prime, and offer a yield of 1.


Coinbase to custody up to $1.6B USDC for MakerDAO - CryptoSlate

The MakerDAO community has approved a proposal by Coinbase to custody up to $1.6 billion USDC with the Prime reward program. The post Coinbase to custody up to $1.6B USDC for MakerDAO appeared first on CryptoSlate.


MakerDAO moves ahead with $1.6 billion in Coinbase custody - The Block

The MakerDAO community ratified proposals to custody $1.6 billion USDC with Coinbase and lend the exchange $500 million additional USDC. The post MakerDAO moves ahead with $1.6 billion in Coinbase custody appeared first on The Block.


Reasons Maker [MKR] could slip below the $900 level in the next few days  - AMBCrypto

Maker DAO's MKR token was among the best performers in the last four weeks. Its bulls have dominated during this time but multiple factors currently suggest that they might be about to take a break.


A16z Doesn't Support Plan to Break Up DeFi Giant MakerDAO - Coindesk

MakerDAO, one of the largest decentralized protocols, is in the middle of a makeover. Rifts have emerged between investors and founders as they offer competing plans for making the protocol more decentralized and try to drive growth.


Maker's 7% gains may turn to losses if these MKR metrics follow the same route  - AMBCrypto

Maker [MKR] recently registered a promising uptick as its value increased by 7% in the last week. At press time, MKR was trading at $1,004 with a market capitalization of $959,766,006.


MakerDAO: Can these developments maintain MKR's ongoing green streak - AMBCrypto

MakerDAO was seen witnessing some dominance in the DeFI market as of 15 October. And one of the reasons for this development could be the constant introduction of new proposals to improve the protocol on the whole.

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