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MakerDAO Cites ‘Uncertainty’ To Usher In New Changes to Protocol

As the FUD around stablecoins gathers steam, many DeFi protocols have started to implement changes and proposals to their networks. MakerDAO, for instance, has deployed new parameters to mitigate the risk against the volatility of stablecoin markets.

One of the parameters includes reducing the USDC PSM daily mint limit (gap) from 950 million DAI to 250 million DAI. While reducing the limit for USDC, the mint limit for USDP was increased from 50 million DAI to 250 million DAI. Overall, the debt ceiling for USDP was pushed from 450 million to 1 billion DAI.

These changes in the protocol could safeguard MakerDAO from uncertainty in the future.

These precautions that were taken are necessary as stablecoins make up 68.6% of all the assets that are being held by the protocol. These stablecoins contribute to 13.6% of the overall revenue generated by MakerDAO.

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