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    QONEQT in Crypto News

    14-Oct-2022 01:07 PM


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    MakerDAO revenue tumbles 86% on Ether and Wrapped BTC woes

    MakerDAO, the governing body of the Maker Protocol has seen its revenue plummet in the third quarter of 2022, caused by a fall in loan demand and few liquidations, while expenses have remained high.

    MakerDAO value statement as of September 30, 2022.
    Maker quarterly revenues by collateral token.

    MakerDAO believes this will provide the protocol with low-risk additional yield.

    One other positive for MakerDAO was the growth in Real World Asset (RWA) backed loans, which now accounts for 12% of its total revenue after it successfully rolled out its largest RWA backed loan to Huntingdon Valley Bank (HVB) in the third quarter of 2022.
    Source: Cointelegraph
    #MakerDAO