MakerDAO (MKR), the issuer of the DAI stablecoin, has approved the issuance of 100 million USD Coins (USDC) to decentralized finance (DeFi) protocol Yearn Finance (YFI) for a 2% annual return.
MakerDAO on January 23 via its official social media account. in his statement, From Peg Stability Module (PSM) to Yearn Finance 100 million (USDC) the proposal to be given by the community have been approved announced.
MakerDAO, referring to the events in the cryptocurrency market over the past year, of Yearn Finance transparency pretty much about the authority noted that. In addition, the offer’s Yearn Finance by came to be emphasized.
in total to 96 thousand MKR close vote election 75.56% to 28.44% to accept the proposal by voting majority of votes has been provided. Participants are interested in Yearn Finance’s cryptocurrency market. most corporate have culture one of the actors in the face of rising interest rates low This is also true for Maker revenues your situation a opportunity said it would.
in the opposite direction Users with an idea can report to Yearn Finance. that they trust and the idea of working with them happiness promising, but the next for 2 years adapting to the new market without providing before any offer disapproval stated that they think it is necessary.
On the other hand, the statement said that the proposal was supported by the community. approved although literally enactment for need executive votes underlined what you heard.