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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...

Maker Protocol's Annualized Revenue Surges to All-Time High: Tokenized RWAs and Attractive Yields Drive Growth

Stablecoin issuer Maker Protocol has experienced a significant surge in annualized revenue, reaching a new all-time high of $203 million. This impressive growth can be attributed to several factors, including increased deposits of tokenized real-world assets (RWAs) and higher yields for DAI holders.

Tokenized RWAs are crypto tokens that are backed by physical or real-world financial assets such as stocks, government bonds, real estate, or art. MakerDAO, the organization behind the Maker Protocol, has seen its RWA deposits soar past $3 billion, accounting for 42.7% of the protocol's total deposits. This influx of RWAs has been instrumental in driving revenue growth.

Two specific vaults, Monetalis Clydesdale and BlockTower Andromeda, which purchase short-dated United States Treasury notes, make up more than three quarters of the RWA deposits within the Maker Protocol. The increase in U.S. treasury yields this year, resulting from higher benchmark interest rates set by the Federal Reserve, has played a significant role in boosting the protocol's revenue.

Furthermore, DAI holders have also benefited from increased yields through the DAI Savings Rate (DSR) mechanism via the Spark Protocol. The DSR generates yields for DAI holders by utilizing the protocol fees paid by users who deposit assets into Maker to mint new DAI. Currently, the DAI deposited into the Spark Protocol, represented as sDAI, accounts for 31.3% of DAI's total supply, amounting to $1.7 billion.

Overall, Maker Protocol's impressive surge in annualized revenue showcases the success of its focus on tokenized RWAs and attractive yields for DAI holders. As the protocol continues to attract more collateral and benefit from increased treasury yields, it is well-positioned for continued growth and success in the stablecoin market.

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