State of Maker Q2 2022

Liquidity conditions and the UST collapse negatively impacted Maker’s balance sheet and earnings in Q2’22. The protocol maintained or gained market share in its two largest crypto-lending markets (ETH and wBTC). G-UNI LP tokens rose in the collateral ranks this quarter. RWAs continue to be an attractive growth opportunity for MakerDAO, despite some drama in the process. The future design of governance at MakerDAO is a hot topic, as two strong leaders pitch ideas to tokenholders.

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