On March 11, MakerDAO issued an “urgent executive proposal” to mitigate any risks to the protocol associated with its USDC tail risk exposure. Make DAO has over 3.1 billion USDC in collateral backing its DAI stablecoin. This urgent executive proposal comes on the heels of an extraordinary de-pegging of the USD Coin (USDC) stablecoin, which … MakerDAO urgently requests proposal to mitigate risks to protocol amidst USDC depegging Read More »
