Thread by @MakerDAO

This is the #MakerUpDaits!

December has arrived, 2023 is just around the corner...

Meanwhile, MakerDAO, the Maker Protocol, and DAI had a very interesting month in November.

Let's see what happened

🧵↓

📈 The GUSD in the PSM peaked at 500 million GUSD.

According to @Gemini's GUSD Partnership, MakerDAO will receive its first monthly payment from a 1.25% annual rate on any GUSD present in the PSM.

→ forum.makerdao.com/t/gusd-makerda…

💰 Real-world assets (mainly Monetalis Clydesdale, short-term bonds investment) and stablecoins (mostly GUSD yield) represent ~70% of the annualized revenue generated by the Maker Protocol.

This snapshot was taken from → dune.com/queries/152371…

💨 The Maker Protocol experienced a minor liquidation event during November's market downturn:

• 28 liquidation auctions.

• 1,404,929 total DAI auctioned.

• 1,243,300 DAI debt covered.

• 161,629 collected from liquidation penalties.

→ makerburn.com/#/liquidations

🌀 We officially announced the Maker Teleport with a 10,000 DAI grant to integrate this game-changer, multi-chain infrastructure into a functional user interface.

🙌 Thanks @ethgathering for hosting this special event where many MakerDAO contributors had the opportunity to share their views about DAOs, governance, delegation, real-world assets, and more!

🚀 @Rocket_Pool staked ETH was onboarded as collateral in the Maker Protocol!

All rETH holders can now generate decentralized liquidity in the form of DAI against their rETH holdings, without losing their exposure to @Rocket_Pool's staking rewards.

🦉 Maker Governance approved @GnosisDAO's GNO governance token as collateral in the Maker Protocol!

→ vote.makerdao.com/polling/QmUBoG…

💸 The Maker community started to discuss a potential Dai Savings Rate (DSR) reactivation and ended up voting to approve a DSR increase to 1.00%

Maker is closer than ever to connecting TradFi yields to DeFi!

→ vote.makerdao.com/polling/QmV3oN…