This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. On Tuesday, September 6th, a proposal to transfer a ...
MakerDAO (CRYPTO: DAI) transferred $250 million, half of the $500 million it holds, from its Coinbase (NASDAQ:COIN) custody account to DAI’s peg stability module (PSM). The goal is to protect the peg ...
The idea of the proposal is to transfer 33% of MakerDAO’s Peg Stability Module (PSM) to Coinbase. Considering that the PSM holds $1.6 billion, this move would place $528 million in USDC into Coinbase ...
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