Content
@
0 reply
0 recast
0 reaction
Lucas Manuel ⚡️
@lucas-manuel
Yesterday @MakerDAO set up a DAI Direct Deposit Module (D3M) to deploy 100m of DAI (through @sparkdotfi ) to a Metamorpho vault that could be borrowed against sUSDe and USDe. In just 24h, the entire 100m was borrowed by DeFi users at a mean APY of 39.1%, generating over $39 million in annualized fees for MakerDAO.
1 reply
1 recast
4 reactions
4484.eth
@4484
waw. we are at this stage of the cycle already.
0 reply
0 recast
0 reaction
