MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe
04 April 2024 - 3:55AM
The Daily Hodl
The decentralized finance (DeFi) protocol Maker (MKR) is
considering allocating up to $600 million worth of its stablecoin
DAI into markets for Ethena’s synthetic dollar, USDe. Last week,
Maker deployed 100 million DAI to Spark’s sUSDe/DAI and USDe/DAI
markets on Morpho Blue, a lending protocol on Ethereum (ETH). The
move enabled “overcollateralized scalable liquidity for […]
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MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur
Hayes-Backed Stablecoin USDe appeared first on The Daily
Hodl.
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Continue reading MakerDAO Considering Allocating Up
to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin
USDe
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MakerDAO Considering Allocating Up to $600,000,000
in DAI in Arthur Hayes-Backed Stablecoin USDe appeared first on
The
Daily Hodl.
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