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MakerDAO is considering allocating 600 million DAI into USDe, a synthetic U.S. dollar, through DeFi lending protocol Morpho Labs. This proposal aims to increase Ethena total TVL. The move has sparked discussions and proposals within the DeFi community, with some suggesting it could lead to risk parameter optimization or competitive scaling strategies.
DeFi lending protocols are clashing over @MakerDAO's decision to add Ethena's USDe as a collateral asset for DAI. A proposal has been floated in @aave's governance forum to disable borrowing against DAI. https://t.co/jES1JoiGmv https://t.co/GiX1ESqKBB
At 2:30 pm UTC last Friday, @sparkdotfi supplied $100 million DAI to Morpho Blue immediately borrowed. In response to this unprecedented demand, @MakerDAO is considering deploying progressively up to $1 billion in DAI via Maker’s D3M.
So it’s worth mentioning that MakerDAO is not literally selling DAI for USDe They are increasing the DDM (direct deposit module) for DAI on morpho, in the USDe collateral market/vault https://t.co/uaLjrk2UFK
