New Coinbase Proposal Would Boost This DeFi Protocol’s Revenue By $24M Annually

U.S. crypto exchange Coinbase Global Inc (NASDAQ: COIN) has put out a new proposal that would increase Maker DAO’s (CRYPTO: MKR) revenue by $24 million a year. What Happened: In a new governance proposal released on Tuesday, Coinbase proposed transferring 33% or $1.6 billion of USD Coin (CRYPTO: USDC) on MakerDao’s Peg Stability Module (PSM) into Coinbase’s yield-bearing account.