Additional Earnings Offer from Coinbase to MakerDAO: $24M Annually

Coinbase, one of the world’s largest cryptocurrency exchanges, has submitted an offer to MakerDAO that will generate up to $24 million in annual revenue.

coinbaseMaker’s 1.6 billion dollar Peg Stability Module (PSM) 33% of (528 million USDC) a Coinbase Prime submitted its proposal to the community’s governance unit to transfer it to the custodian account. If the offer is accepted, Maker’s annual 1.5% interest and with side prizes approximately 24 million It is said that he will earn additional income in dollars.

Maker’s PSM in case the stablecoin DAI, which he named reserve created to intervene There has been a lot of discussion in the DAO about the evaluation of of the DAO Strategic Finance Core Unit from its members “advc” reserve efficiency is already quite to be weakstated that Coinbase’s offer could therefore be considered. Also, Coinbase’s assets to MakerDAO whenever he wants access, as it largely eliminates liquidity concerns by DAO members. welcomed.

On the other hand, some members 1.5% interest they did not find it sufficient and they agreed with Coinbase about interest. bargain they said it should be done.

Founder of MakerDAO Rune Christensen last month Tornado Cash for DAO due to Circle freezing their USDC accounts in the case risk and reserves from USDC He said it needed to be cleared. Cryptocurrency exchange after about 1 month on Binance liquidity and capital efficiency arguing that USDC to trading stated that they would stop supporting them.

source site-10