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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.
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Rani
@4484
waw. we are at this stage of the cycle already.
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