USD Coin
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- USDCCoinBriefDaily catalogue
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Security timeline
- In the news by The DefiantdYdX proposes shifting USDC backing from Noble to Injective
- In the news by NewsBTCTokenLogic proposes Aave reserve-factor changes worth an estimated $3.5M in annual revenue
Recent news
dYdX proposes shifting USDC backing from Noble to Injective
dYdX has proposed a v9.9 plan that would reroute USDC deposits and withdrawals so that backing moves from Noble to Injective. The article says existing USDC balances, collateral and open positions would be left unchanged. The story is a proposal and the article gives no timeline for a decision or rollout.
TokenLogic proposes Aave reserve-factor changes worth an estimated $3.5M in annual revenue
TokenLogic has submitted a proposal to raise Aave's reserve factors across 54 reserves in 12 V3 instances and V2 Ethereum. The modelled blended reserve factor would rise from 12.0% to 12.7%, for an estimated $3.5 million in added annual revenue based on November 9 balances and rates. Governance has not yet approved the changes, and the article notes that supplier responses could alter the outcome.