The maker (MKR) token dropped 26% in value within a week following the news of an emergency proposal to address the DeFi protocol’s $3.1 billion USDC exposure, raising concerns among investors and stakeholders.
MakerDAO, the decentralized finance (DeFi) protocol behind the Maker (MKR) token, has experienced a sharp 26% drop in value within the past week. This decline can be attributed to a recent development involving an emergency proposal addressing the protocol’s $3.1 billion USDC exposure.
