{"id":517517,"date":"2023-01-25T14:00:47","date_gmt":"2023-01-25T19:00:47","guid":{"rendered":"https:\/\/wncen.com\/?p=517517"},"modified":"2023-03-08T07:26:16","modified_gmt":"2023-03-08T07:26:16","slug":"makerdao-passes-proposal-deploy-usdc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/","title":{"rendered":"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault"},"content":{"rendered":"

In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a <\/span>proposal<\/span><\/a> to deploy $100 million of Circle\u2019s USD Coin (USDC) in a Yearn Finance yield-generating account called a \u201cvault<\/a>.\u201d<\/span><\/p>\n

The proposal, submitted on January 9, aims to look for a way MakerDAO could split its treasury allocations and earn yield.<\/span><\/p>\n

MakerDAO To Generate Yields From Yearn Finance Vault<\/span><\/h2>\n

Following the approval of the MIP92 (Maker Improvement Proposal 92), MakerDAO<\/a> plans to begin depositing $100 million USDC to the Yearn finance vault to earn a 2% yield annually, approximately $2 million every year on its YearnFi investment.\u00a0<\/span><\/p>\n

Related Reading: MakerDAO Could Replace Governance Token, Will It Provide Enhanced Incentives?<\/a><\/div>\n

Founded by prominent DeFi developer Andre Cronje, Yearn finance is a yield aggregator built on the Ethereum blockchain, allowing users to deposit crypto assets in the service in exchange for yield or interest over some time.\u00a0<\/span><\/p>\n

With a total of 95,666.284 of Maker\u2019s native token, MKR cast in the vote, approximately 68,462 MKR, which accounts for 71.56%, voted in favor of deploying USDC in Yearn Finance, while 27,204 MKR, which accounts for 28.44% voted out the whole idea and 0.0% voted \u201cabstain.\u201d <\/span><\/p>\n

Though the MIP92 has been passed, the proposal still has to go through an executive vote for the concept to be implemented.<\/span><\/p>\n

MakerDAO Attraction To USDC<\/span><\/h2>\n

Before the MIP92 submission, MakerDAO had already demonstrated interest in Circle\u2019s dollar-backed token, USDC. Late last year, the DAI stablecoin operator <\/span>invested a hefty amount<\/span><\/a> alongside collaboration with Coinbase to become the largest stakeholder in USDC.<\/span><\/p>\n

As reported by NewsBTC, MakerDAO<\/a> and Coinbase Prime have a total of USD 1.6 billion in custody, allowing both partners to earn 1.5% returns from the deposited assets. Notably, stablecoins have seen rapid growth in recognition in recent years. As a result, investors now rely on these assets to protect the value of their investments.<\/span><\/p>\n

Related Reading: MakerDAO Invests Hefty Amount Becoming The Largest Stake Holder In USDC<\/a><\/div>\n

Unlike traditional cryptocurrencies, which fluctuate now and then, stablecoins are tied to the value of an underlying asset, like the U.S. dollar. <\/span>Due to the nature of stablecoins<\/a>, many investors have found them enticing, especially as a vital part of future finance. <\/span><\/p>\n

With the USDC still lagging behind USDT in adoption, the goal has always been to surpass the latter and become number one in the market cap.<\/span><\/p>\n

\"MKRUSDT
MKR price is moving sideways on the 4-hour chart. Source: MKRUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Veering back to MakerDAO, the protocol’s native token, MKR, has also been thriving to cover the gaps between its current price and its all-time high. Over the past 30 days, MKR has surged more than 20% and currently trades above $650 with a 24-hour trading volume of $22.3 million.<\/span><\/p>\n

Featured image from BlockchainReporter, Chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved 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, submitted on January 9, aims to look for a way MakerDAO could split its treasury allocations and earn yield. MakerDAO To Generate Yields From Yearn Finance Vault Following the approval of the MIP92 (Maker Improvement Proposal 92), MakerDAO plans to begin depositing $100 million USDC to the Yearn finance vault to earn a 2% yield annually, approximately $2 million every year on its YearnFi investment.\u00a0 Related Reading: MakerDAO Could Replace Governance Token, Will It Provide Enhanced Incentives? Founded by prominent DeFi developer Andre Cronje, Yearn finance is a yield aggregator built on the Ethereum blockchain, allowing users to deposit crypto assets in the service in exchange for yield or interest over some time.\u00a0 With a total of 95,666.284 of Maker\u2019s native token, MKR cast in the vote, approximately 68,462 MKR, which accounts for 71.56%, voted in favor of deploying USDC in Yearn Finance, while 27,204 MKR, which accounts for 28.44% voted out the whole idea and 0.0% voted \u201cabstain.\u201d Though the MIP92 has been passed, the proposal still has to go through an executive vote for the concept to be implemented. MakerDAO Attraction To USDC Before the MIP92 submission, MakerDAO had already demonstrated interest in Circle\u2019s dollar-backed token, USDC. Late last year, the DAI stablecoin operator invested a hefty amount alongside collaboration with Coinbase to become the largest stakeholder in USDC. As reported by NewsBTC, MakerDAO and Coinbase Prime have a total of USD 1.6 billion in custody, allowing both partners to earn 1.5% returns from the deposited assets. Notably, stablecoins have seen rapid growth in recognition in recent years. As a result, investors now rely on these assets to protect the value of their investments. Related Reading: MakerDAO Invests Hefty Amount Becoming The Largest Stake Holder In USDC Unlike traditional cryptocurrencies, which fluctuate now and then, stablecoins are tied to the value of an underlying asset, like the U.S. dollar. Due to the nature of stablecoins, many investors have found them enticing, especially as a vital part of future finance. With the USDC still lagging behind USDT in adoption, the goal has always been to surpass the latter and become number one in the market cap. Veering back to MakerDAO, the protocol’s native token, MKR, has also been thriving to cover the gaps between its current price and its all-time high. Over the past 30 days, MKR has surged more than 20% and currently trades above $650 with a 24-hour trading volume of $22.3 million. Featured image from BlockchainReporter, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":517519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[1336,11920,54512,12532,16359,11164,16680,10263],"class_list":["post-517517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-circle","tag-dai","tag-defi","tag-makerdao","tag-mkr","tag-stablecoin","tag-usdc","tag-usdt"],"acf":[],"yoast_head":"\nMakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault<\/title>\n<meta name=\"description\" content=\"In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault\" \/>\n<meta property=\"og:description\" content=\"In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T19:00:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-08T07:26:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault\",\"datePublished\":\"2023-01-25T19:00:47+00:00\",\"dateModified\":\"2023-03-08T07:26:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/\"},\"wordCount\":477,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640\",\"keywords\":[\"circle\",\"Dai\",\"DeFi\",\"MakerDAO\",\"MKR\",\"stablecoin\",\"USDC\",\"USDT\"],\"articleSection\":[\"DeFi\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/\",\"url\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/\",\"name\":\"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640\",\"datePublished\":\"2023-01-25T19:00:47+00:00\",\"dateModified\":\"2023-03-08T07:26:16+00:00\",\"description\":\"In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640\",\"width\":1280,\"height\":640,\"caption\":\"MakerDAO\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault","description":"In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/","og_locale":"en_US","og_type":"article","og_title":"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault","og_description":"In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a","og_url":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-01-25T19:00:47+00:00","article_modified_time":"2023-03-08T07:26:16+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault","datePublished":"2023-01-25T19:00:47+00:00","dateModified":"2023-03-08T07:26:16+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/"},"wordCount":477,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640","keywords":["circle","Dai","DeFi","MakerDAO","MKR","stablecoin","USDC","USDT"],"articleSection":["DeFi"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/","url":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/","name":"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640","datePublished":"2023-01-25T19:00:47+00:00","dateModified":"2023-03-08T07:26:16+00:00","description":"In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640","width":1280,"height":640,"caption":"MakerDAO"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault","url":"http:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/defi\/makerdao-passes-proposal-deploy-usdc\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640"},"articleSection":"DeFi","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["circle","dai","defi","makerdao","mkr","stablecoin","usdc","usdt"],"dateCreated":"2023-01-25T19:00:47Z","datePublished":"2023-01-25T19:00:47Z","dateModified":"2023-03-08T07:26:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/defi\\\/makerdao-passes-proposal-deploy-usdc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/defi\\\/makerdao-passes-proposal-deploy-usdc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/MakerDAO.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/MakerDAO.jpg?fit=1280%2C640\"},\"articleSection\":\"DeFi\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"circle\",\"dai\",\"defi\",\"makerdao\",\"mkr\",\"stablecoin\",\"usdc\",\"usdt\"],\"dateCreated\":\"2023-01-25T19:00:47Z\",\"datePublished\":\"2023-01-25T19:00:47Z\",\"dateModified\":\"2023-03-08T07:26:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MakerDAO.jpg?fit=1280%2C640","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/517517"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=517517"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/517517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/517519"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=517517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=517517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=517517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}