The extra payout has drastically bitten into Maker’s profits, Kunal Goel, analyst at Messari noted in a report. “Higher rates on higher deposits ballooned the protocol’s interest expense [and] has dried up profit expectations,” he wrote. The too-high rate also opened up opportunities for arbitrage, Goel added.
The Biden Administration Is Easing Up on Crypto (a Vibes Analysis)
It remains to be seen whether Biden will veto the measure, despite the fact that the independent Government Accountability Office...