
Coinbase Joins Hands with MakerDAO to Custody Its Treasury of USD Coin (USDC)
Coinbase’s institutional-grade service will allow MakerDAO to earn up to 1.5% of the rewards of the funds.
$654
1H
-0.12%$0.7858
24H
-1.42%$9.42
7D
-1.71%$11.38
30D
20.9%$113
Maker (MKR) is a cryptocurrency and a governance token. Cryptocurrency Maker (MKR) is a digital token created on the Ethereum platform of the project Maker, the main purpose of which is to create a line of decentralized digital assets that would be tied to the value of real instruments such as currency, gold, etc. On the basis of the platform, it is planned to create an exchange where it would be possible to carry out margin trading of tokens on the ERC20 Protocol.
Coinbase’s institutional-grade service will allow MakerDAO to earn up to 1.5% of the rewards of the funds.
Maker has made several efforts to go fully decentralized with the project founder Rune Christensen removing ties to centralized assets in an operation dubbed the “ENDGAME”.
MakerDAO has joined hands with an asset advisory firm called Monetalis which will be assisting them in the allocation of funds across short-term US treasury bonds and investment-grade corporate bonds.
If you’re looking for the hottest new projects in the crypto space, you can’t go wrong with Uniglo (GLO), Maker (MKR), and LidoDAO (LDO).
The prices of cryptocurrencies change every day, and not everyone is gifted enough to predict which coins or tokens will surge in value the following day.