MakerDAO's latest developments could have this effect on MKR and its holders

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.

Timeline of Maker

 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 dai (CRYPTO: DAI) savings rate (DSR), or the rate of interest the protocol pays to dai stakers, is up for voting in MakerDAO's governance forum. The MakerDAO Open Market Committee has proposed that the DAO members vote on whether to boost the current yield rate of 0.01% to one of four rates: 1%, 0.75%, 0.5%, and 0.25%.

MakerDAO's governance forum is voting to increase the dai savings rate (DSR), which is the rate of interest the protocol pays to dai stakers. The post MakerDAO is voting on increasing yield for the dai stablecoin appeared first on The Block.

MakerDAO governance community has agreed to remove renBTC, the Bitcoin token issued by Alameda Research's Ren Protocol, as a collateral asset for the decentralized stablecoin, Dai.

Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral. The post MakerDAO passes vote to close Alameda-linked renBTC as stablecoin collateral appeared first on The Block.

MakerDAO has liquidated a few of its vaults to reduce risk and exposure to bad debt Whales continue to show interest in the token, despite its TVL declining After the FTX debacle, many in the crypto-community have put their faith in DEXs.

Decentralized technologies are getting prioritized as they enhance privacy as well as the security of the users. MakerDAO is one of the prominent projects that has concentrated on the promotion of decentralized exchanges and stablecoins. Maker had showcased a splendid price rally by surging by a huge margin, in the recent past.

MKR, the native token of the Maker Protocol, has recorded substantial gains despite the most recent market downturn. After news of FTX's liquidity crisis rocked the crypto market, several coins have struggled to bag daily gains to no avail.

MakerDAO's new developments may reduce risk for its users Its TVL witnesses a slight decrease, but MKR's price continues to appreciate MakerDAO‘s latest update might help its users reduce their exposure to more risk via increased liquidity.