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.
House’s McHenry Accuses U.S. SEC Chief Gensler of Misleading Congress on Ethereum (ETH)
The classification of (ETH), the second-largest cryptocurrency by market cap, is a major question hanging over the U.S. oversight of...