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MakerDAO [MKR] Reacts to Stablecoin Contagion With This Proposal

MakerDAO aims to address the stablecoin challenge with an emergency proposal. The latter will focus to limit exposure to distressed stablecoins while also strengthening the stability of DAI’s peg.

The DeFi platform reportedly aims to achieve those goals by increasing USDC-DAI swap fees. A 250 million DAI daily mint limit will also be implemented if the proposal is passed.

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