The additional payout has drastically bitten into Maker’s earnings, Kunal Goel, analyst at Messari famous in a report. “Larger charges on larger deposits ballooned the protocol’s curiosity expense [and] has dried up revenue expectations,” he wrote. The too-high price additionally opened up alternatives for arbitrage, Goel added.
MakerDAO’s DAI Stablecoin Surpasses $5B on Larger Yield, Lifting DeFi Lender Spark Protocol
