swap 10,000 Ether<\/a> (ETH) for 13 million worth of USDC in a Gnosis auction. The ENS community member opined that bolstering the platform’s USDC reserves will secure operational liquidity enough for 24 months.\u00a0<\/p>\n\n\n\nDespite being the second-largest stablecoin in the crypto market, protocols seemingly tilt towards Circle\u2019s dollar-backed token when making DeFi bets. <\/p>\n","protected":false},"excerpt":{"rendered":"
Summary: The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community. Yearn Finance’s special investment vehicle or vault has a cap of $100 million. The USD Coin treasury allocation from Dai’s developer will earn a 2% annual yield if approved by an executive vote.\u00a0 The MakerDAO governance community backed a proposal to deploy $100 million of Circle\u2019s USD Coin (USDC) in a Yearn Finance yield-generating account called a \u201cvault\u201d. The proposal was submitted […]<\/p>\n","protected":false},"author":55,"featured_media":580654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,17,108120,2],"tags":[7092,108063,7108,108167,108125],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580652"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=580652"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580652\/revisions"}],"predecessor-version":[{"id":580655,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580652\/revisions\/580655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/580654"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=580652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=580652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=580652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}