• MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s USDC in a Yearn Finance yield-generating account called a „vault.“
• The proposal aims to look for a way MakerDAO could split its treasury allocations and earn yield, with a total of 95,666.284 of Maker’s native token, MKR cast in the vote.
• With the approval of the MIP92, MakerDAO plans to begin depositing $100 million USDC to the Yearn finance vault to earn a 2% yield annually, approximately $2 million every year.

MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has recently approved a proposal to deploy $100 million of Circle’s USDC in a Yearn Finance yield-generating account called a „vault.“ The proposal, submitted on January 9, was intended to seek out a way MakerDAO could split its treasury allocations and earn yield.

In order to make a decision, 95,666.284 of Maker’s native token, MKR was cast in the vote. Of the total votes, approximately 68,462 MKR, which accounts for 71.56%, voted in favor of deploying USDC in Yearn Finance, while 27,204 MKR, which accounts for 28.44% voted out the whole idea and 0.0% voted „abstain.“

Following the approval of the MIP92 (Maker Improvement Proposal 92), MakerDAO now plans to begin depositing $100 million USDC to the Yearn finance vault. This move is expected to earn a yield of 2% annually, approximately $2 million every year on its YearnFi investment.

Yearn finance is a yield aggregator built on the Ethereum blockchain, allowing users to deposit crypto assets in the service in exchange for yield or interest over some time. Founded by prominent DeFi developer Andre Cronje, the platform has seen a surge in users and assets over the last few months.

The decision to deploy USDC in Yearn Finance is yet another example of MakerDAO’s commitment to diversifying their treasury allocations and generating yield. Prior to the MIP92 submission, MakerDAO had already demonstrated interest in Circle’s dollar-backed stablecoin and had formally requested the issuance of a new Coinlist Token in the form of USDC.

The proposal is now awaiting an executive vote for the concept to be implemented. If successful, MakerDAO’s decision to deploy USDC in Yearn Finance will be a major step forward for the platform and could serve as a model for other DeFi projects looking to generate yield.

• Rick McCracken, owner of the ADA staking pool DIGI, has predicted a close launch date for Djed mainnet.
• Djed is Cardano’s first ADA-backed stablecoin powered by COTI Network, and will have 400-800% collateral rate to protect against price fluctuations.
• Djed’s testnet version was launched in December 2022 and has recently bagged a new partnership with Yepple Incorporated.

Rick McCracken, the owner of the ADA staking pool, DIGI, and a Cardano supporter, recently took to Twitter with his findings and prediction of a close launch date for Djed mainnet. This news comes as a welcome to the Cardano community, who have been eagerly awaiting the launch of Djed.

Djed is Cardano’s first ADA-backed stablecoin, powered by COTI Network. It is an over-centralized stablecoin with a collateral rate between 400-800%, as described on adapulse.io. To further protect against price fluctuations, Djed will also have another token – SHEN – which will act as the stablecoin’s reserve currency, maintaining its price stability.

The stablecoin’s testnet version was launched in December 2022, and more recently, on January 5, Djed announced a new partnership with Yepple Incorporated. This partnership aims to ensure optimal usage of Djed in the Cardano ecosystem, as well as promote the integration of payments for NFT transactions using Djed.

The Cardano community is eagerly awaiting the launch of Djed, and with Rick McCracken’s recent prediction, it appears the launch of this innovative stablecoin is drawing ever closer. With its ADA backing, as well as the SHEN reserve currency, Djed looks set to be a reliable and secure payment method when it is finally launched.

• Polkadot (DOT) has risen 8% in the last seven days, according to Coingecko data.
• Polkadot saw new users on-chain peaking on January 6th at 2,126 new users, and also saw gradual increases in revenue.
• Polkadot has over 550 projects running on-chain or being developed on the ecosystem, and has scored major partnerships with Japan phone operator NTT Docomo and video game company Square Enix.

Polkadot (DOT) has been making waves in the crypto market recently, with the token rising 8% in the last seven days according to Coingecko data. This bullish trend follows the ecosystem’s on-chain activity, which saw new users peaking at 2,126 on January 6th. Revenue on the ecosystem also saw a gradual increase, with Polkadot Insider reporting a jump from an average of $671.8 million at the end of December to an average of $709.3 million in the last week.

The Polkadot ecosystem has been making strides in terms of development and partnerships. Currently, there are over 550 projects running on-chain or being developed on the ecosystem, a great feat considering the bear market. Polkadot has also scored major partnerships with Japan phone operator NTT Docomo and video game company Square Enix, which further strengthens the ecosystem’s Web3 infrastructure.

The developments on the Polkadot ecosystem are impressive, however, it remains to be seen whether it will have any major effect on DOT’s price. The token has yet to break through its all-time high of $39.42, which it hit in May 2021.

It is clear that Polkadot is making strides in the crypto industry and is a great project to watch in the coming months. With its bullish trend, on-chain activity, and major partnerships, Polkadot is looking to be one of the major players in the industry.

• Internet Computer (ICP) is a top 50 cryptocurrency with over $1 billion market cap.
• Despite the positive sentiment in the crypto market, ICP has been dropping in the daily timescale by 5%.
• The bullishness on the token has been boosted by the integration of Bitcoin to add smart contracts, InfinitySwap’s integration of Ethereum and on-chain security.

Internet Computer (ICP) is the latest cryptocurrency to make waves in the crypto market, with a current market cap of more than $1 billion, placing it among the top 50 cryptocurrencies according to CoinGecko. Although the crypto market is bullish on the token, the positive sentiment has yet to be reflected in the charts. According to CoinGecko, the token is down by 5% in the daily timescale, although the bi-weekly timescale shows a 12% gain.

The bullishness on the token has been boosted by several developments in the past few days. Firstly, DFinity, the company that launched Internet Computer, recently integrated Bitcoin to add smart contracts to the top cryptocurrency. This has led to an increase in development activity, with ICP now being top 5 just behind Ethereum according to Santiment insights. Secondly, InfinitySwap, the ICP blockchain’s automated market maker (AMM) and staking platform, has also integrated Ethereum, ensuring low fees compared to the top altcoin.

Finally, the security of ICP has also been boosted by its integration with Bitcoin. This integration ensures that digital assets are more secure and reduces the chances of them being stolen. With 2022 being a notorious year for digital asset theft, this security boost is highly appreciated by the crypto community.

Overall, Internet Computer appears to be entering the new year with plenty of bullishness, although its daily charts suggest otherwise. With the token’s integration with Bitcoin and Ethereum, and the security boost it has received, it appears that ICP is well-positioned to make some major gains in the coming months.

• Bitcoin is attempting an upside break above $16,800.
• BTC could gain bullish momentum if it clears the $16,800 and $17,000 resistance levels.
• There is a key bullish trend line forming with support near $16,620 on the hourly chart of the BTC/USD pair.

Bitcoin price is attempting an upside break above $16,800, as the bulls are working hard to push the price past this major resistance. If they are successful, then the leading cryptocurrency could gain the necessary bullish momentum to move past the $17,000 level. There is a key bullish trend line forming with support near $16,620 on the hourly chart of the BTC/USD pair, which is likely to act as a strong support should the price pull back from the current levels.

The bulls have been pushing the price higher since the start of the week, when Bitcoin broke past the $16,350 mark. The price surged above $16,650, and even spiked towards the $16,800 resistance zone. However, the buyers failed to break past the $16,800 mark, resulting in a minor correction. The price dropped below the $16,700 level, but the bulls were able to keep the losses in check and the price is now trading above $16,600.

The 100 hourly simple moving average is also providing support near the $16,600 level. In addition, there is a key bullish trend line forming with support near $16,620 on the hourly chart of the BTC/USD pair. If the price pulls back, it is likely to find strong buying interest near the trend line and the $16,600 level. The first major resistance is near the $16,700 zone. If the bulls are successful in clearing the $16,700 resistance, then the price is likely to continue higher.

To start the next leg higher, Bitcoin needs to break past the $16,800 level. If this happens, then the leading cryptocurrency is likely to move past $17,000 and gain the necessary bullish momentum to continue higher. On the downside, the key support is near the trend line and the $16,600 level. If the price fails to stay above the trend line, then it is likely to move lower towards the $16,500 support zone.