The MakerDAO community rejected a proposal to use up to $500 million of the stablecoin USDC to invest in bonds with crypto investment firm CoinShares. As CoinDesk’s Krisztian Sandor reported, CoinShares had proposed managing between 100 million and 500 million USDC and actively investing the money in a portfolio of corporate debt securities and government-backed bonds with the aim of returning a yield matching the Secured Overnight Financing Rate. On Monday, some 72% of votes were cast against the proposal.
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- coinbase
- Coindesk
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- decentralized
- DeFi
- Digital Assets
- machine learning
- Markets
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- W3
- zephyrnet
More from Alontrus Group & CoinDesk
Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash
Source Node: 2562952
Time Stamp: Apr 30, 2024
XRP, SOL Lead Slight Crypto Majors’ Recovery After FTX Sell-Off Fears
Source Node: 2269883
Time Stamp: Sep 14, 2023
Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue
Source Node: 2525110
Time Stamp: Mar 22, 2024
Decentralized Exchange Bancor Proposes Burning 1M BNT Tokens to Support Prices
Source Node: 1699123
Time Stamp: Sep 27, 2022
First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
Source Node: 2007552
Time Stamp: Mar 12, 2023
Cosmos Asset Management Intends to Delist Crypto ETFs in Australia
Source Node: 1733680
Time Stamp: Nov 2, 2022
Sam Bankman-Fried Used Mackerel to Pay For a Haircut in Brooklyn Detention Center: WSJ
Source Node: 2397070
Time Stamp: Nov 24, 2023
Tell Us What You Know About Crypto and Blockchain Education
Source Node: 1629269
Time Stamp: Aug 17, 2022
Crypto Perpetuals Exchange DYdX Considering the Launch of More SubDAOs
Source Node: 2097523
Time Stamp: May 17, 2023
Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured
Source Node: 1683663
Time Stamp: Sep 23, 2022