Bi-Weekly Recap — Aug. 8th to Aug.19th
In the past couple weeks, the MakerDAO coverage pool has been live for deposit. As usual, biweekly report comes again with progress shown in two categories:
- Marketing and business growth.
- Product development.
Marketing and business growth
In the past week, MakerDAO coverage pool was set up for deposit, deposits will start to earn yield with USDC and TIDAL next week.
Reserve is currently earning around 43% APR with 18% APR USDC earning and 25% APR TIDAL earning. The current activated plans include a total coverage of 0.7 million.
- MakerDAO coverage pool is open for deposit
- Staking reward extended for August.