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Cryptocurrencies: 13742
Markets: 58978
Market Cap: $1,046,988,462,601     
24h Vol: $46,136,304,701
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Ethereum World News 2023-01-25 13:11:44

MakerDAO Approves Preliminary Proposal To Park $100 Million USDC In Yearn Finance Vault



Summary: The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community. Yearn Finance’s special investment vehicle or vault has a cap of $100 million. The USD Coin treasury allocation from Dai’s developer will earn a 2% annual yield if approved by an executive vote. The MakerDAO governance community backed a proposal to deploy $100 million of Circle’s USD Coin (USDC) in a Yearn Finance yield-generating account called a “vault”. The proposal was submitted
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