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Yield farming fuels 623% growth in DAI supply to nearly $1B

Yield farming fuels 623% growth in DAI supply to nearly $1B

Decentralized finance’s ( DeFi) explosive third-quarter brought significant growth to Ethereum ( ETH)-compatible stablecoins. According to crypto market data aggregator Messari, the supply of MakerDAO’s DAI stablecoin grew by 623% in Q3 2020, pushing the token’s value above $1 for four consecutive months.








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