MakerDAO Will Vote on a $100 Million Loan with Florida Commercial Bank

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Key Points:MakerDAO is a decentralized lending platform that cryptocurrencies. It is currently holding a vote to approve a new proposal that would include a second commercial bank in its ecosystem. This would strengthen the link between Decentralized Finance (DeFi), and conventional finance.
MakerDAO earns income from yields, fees for minting DAI and fees for operating the vault. The benchmark 30-day average secured overnight lending rate was 4.15% as of January 5.
MakerDAO is a decentralized lending platform that cryptocurrencies. It is currently holding a vote on a new proposal that would integrate a second bank into its ecosystem. This would deepen the link between Decentralized Finance (DeFi) with conventional finance. The trust entity would oversee the cooperation with the bank and ensure DAI destruction from the vault. The benchmark 30-day average secured overnight lending rate was 4.15% as of January 5. The Federal Deposit Insurance Corporation protects the Florida bank and it currently manages $1.3Billion in assets. In an effort to survive the crypto winter, MakerDAO presented a governance framework for its first partnership, with Huntingdon Valley Bank. DeFi protocol plans to add banks depending on the outcome of its integration with HVB. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: decentralized lending platformDeFiFlorida Commercial BankMakerDAO