Cryptocurrency

Coinbase Proposes to Hike MakerDAO’s Revenue by Millions, Here’s How

Coinbase Proposes to Hike MakerDAO’s Revenue by Millions, Here’s How

Coinbase crypto exchange is looking to transfer MakerDAO’s $1.6 billion (roughly Rs. 12,780 crore) in return for increasing the latter’s revenue by roughly $24 million (roughly Rs. 190 crore). If Coinbase’s proposal passes, Maker will have to pay no fees on its PSM deposit to Coinbase, enabling the free mint, burn, withdrawal and settlement of its allocated USDC…

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