DeFi Platform MakerDAO Weighs Ditching $390M of GUSD Stablecoin from DAI Reserve

Gemini – the crypto change based and run by Tyler and Cameron Winklevoss and the issuer of GUSD – pays a 2% annual reward to MakerDAO for utilizing the token as a reserve asset. The proposal, nevertheless, argued that the platform may take pleasure in higher income alternatives, for instance by investing in short-term U.S. Treasuries, which at present provide a couple of 5% yield.