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MakerDAO’s Removal of ‘Bad Debt’ Might Be a Good Thing for Users

After the FTX debacle, many in the crypto-community have put their faith in DEXs. It is against this background that MakerDAO announced that it will be liquidating multiple vaults to minimize risks.

In a tweet, MakerDAO laid out its plan to liquidate USDC-A, USDP-A, and GUSD-A vaults. This will be only done to vaults whose collateralization ratio is less than 101%. 

However, the revenue generated by MakerDAO appreciated by 23.17% over the last 30 days. Also, the number of transactions increased by 200% over the same time period, according to data provided by Messari.

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