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        MakerDAO, a DeFi-lending and stablecoin protocol, approved a community-led proposal to deploy up to USD 100 million worth of stablecoin USDC from its reserve on Yearn Finance, a yield aggregation protocol.
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        The stablecoins will come from Maker&rsquo;s &ldquo;peg stability module&rdquo; that supports its own stablecoin, DAI. Maker plans to deposit these funds in an individual, non-custodial vault on Yearn to earn an estimated annual yield of around 2%.
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  <p>
    <a href="https://www.coindesk.com/tech/2023/01/23/makerdao-approves-deployment-of-100m-usdc-on-defi-protocol-yearn-finance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines">
      Coindesk
    </a>
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All Updates

MakerDAO approves proposal to deploy USD 100 million with Yearn Finance