After its proposal in November to deploy $100 USD Coin [USDC] into the Yearn Finance [YFI] DeFi protocol, MakerDAO [MKR] finally approved it. Details from the poll showed that 71.56% of the MKR community voted in favor of the proposition, while 28.44% preferred to say no to the “Yearn to earn Yield” proposal.

Maker Governance is voting to approve or reject the offboarding of the USDC-A, USDP-A, and GUSD-A vault types.

The proposal centered around a DeFi strategy to help Maker earn an annual 2% yield, which would also help with PSM USDC reserves and transfer. MakerDAO also noted that the approval meant that it added another means to generate income and add to its reserves.

Despite the compliance, Maker remained second in the DeFi Total Value Locked (TVL) standings. Although it lost the pole position from Lido Finance [LDO], MKR’s TVL increased a whopping 20.42%, DeFi Llama’s data showed.