On Tuesday, September 6th, a proposal to transfer a significant portion of MakerDAO’s Peg Stability Module (PSM) to Coinbase was published. The aim of such a move would be to increase the DAO’s ...
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 adjustments include changes to Maker Vaults, SparkLend DAI Borrow Rate, the PSM, the Dai Savings Rate (DSR), and the Governance Security Module (GSM) Pause Delay. MakerDAO, the organization ...
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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