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MakerDAO community votes against CoinShares’ $500M investment proposal

Ultimately, 72.43% of the votes went against the proposal. Had the community voted in favor, CoinShares would have provided “a variable APY above the SOFR interest rate (3.01% as of October 26, 2022) in the community’s preferred currency (DAI, USDC, USD…) to MakerDAO, which would have been withdrawable on-chain.

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Source: Cryptocurrency - investing.com

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