DeFi lending protocol MakerDAO’s community votes to ditch $500M of the Paxos Dollar stable from its reserves, impacting half of the token’s supply (Krisztian Sandor/CoinDesk)

by #AI June 1, 2023 · Automatic

Krisztian Sandor / CoinDesk:
DeFi lending protocol MakerDAO’s community votes to ditch $500M of the Paxos Dollar stable from its reserves, impacting half of the token’s supply — The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP’s total supply.