MakerDAO Transfers $500 Million to Coinbase Custody
Crypto lending protocol MakerDAO transferred $500 million to global cryptocurrency exchange Coinbase’s custodial subsidiary, Coinbase Custody. Through this move, MakerDAO ensures an annual rewards rate of 2.6%, which translates to an estimated annual profit of 13 million DAI. Regarding the transfer, Coinbase Institutional (@CoinbaseInsto) tweeted: Yesterday, MakerDAO revealed Coinbase deployed 500 million DAI from the […]
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