Stablecoin issuer Maker Protocol’s annualized revenue surged to a new all-time high of $203 million yesterday, according to data. The surge came amid increased deposits of tokenized real-world assets (RWAs) for minting DAI, higher yields for DAI holders, and yields for DAI holders through its DAI Savings Rate (DSR) mechanism via the Spark Protocol. The DAI deposited into Spark Protocol is represented as sDAI, and accounts for 31.3% of DAI’s total supply at $1.7 billion. The rise in U.S. treasury yields this year amid increased benchmark interest rates by the U.S. Federal Reserve have also played a significant role in increasing the protocol’s revenue. This is good news for the Maker Protocol and those who use its stablecoin, as it signifies a strong increase in demand for the platform’s services. #MakerProtocol #DAI #DSR #DeFi #Stablecoin

You can read more about this topic here: Decrypt: Maker Annualized Revenue Soars Past $200M to New All-Time High

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