Tyler Winklevoss Offers MakerDAO to Pay 1.25% Per Annum on Deposits in Stablecoin GUSD
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Tyler Winklevoss, head of cryptocurrency exchange Gemini, has submitted a proposal to the MakerDAO community for consideration of a 1.25% annual interest rate on PSM deposits in the stablecoin Gemini Dollar (GUSD).
The GUSD is a USD-pegged stablecoin issued by Gemini. In recent months, the cryptocurrency exchange has increased the supply of the asset. For example, in August, the figure increased by 80%.
Winklevoss’ proposal would charge an annual interest rate of 1.25% if the average monthly volume of GUSD in PSM exceeds $100 million. The exchange will bear the costs. According to Dune Analytics, the figure is currently holding at $57,600.
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