MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault

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’s USD Coin (USDC) in a Yearn Finance yield-generating account called a “vault.”
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