Maker price climbed nearly 17% in the past week and sustained above $3,700, an important support level. Maker community is debating a proposal to increase the credit line to Ethena Labs from $100 million to $1 billion. If the proposal is approved, it could boost DAI adoption and increase profits from lending.
It also gives the Ethereum-based DeFi protocol more control over DAI supply and its management, helping the stablecoin maintain its $1 peg. Why is the proposal significant for MKR holders? On its initial $1 million allocation to users, Maker is set to earn over $55 million, as seen on Makerbur.com. In this context, the protocol is ready to capitalize on the demand for USDe/sUSDe and boost profits that Maker holders can earn through lending.
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