Coinbase Institutional has submitted a proposal to MakerDAO for institutional rewards for Coinbase USDC, which is now in a governance poll. The proposal proposes to register an account representing MakerDAO to Coinbase Prime, and transfer 33% of PSM’s USDC (approximately 1.6 billion USDC) into escrow to earn USDC rewards through Coinbase. Currently, 33% of PSM’s USDC is about 1.1 billion USDC. According to the reward plan proposed by MIP81, the implementation of this proposal will bring about 15 million US dollars in annual revenue to MakerDAO. The MIP81 proposal was originally proposed in early September, and the public opinion vote will end at 0:00 on October 25th, with a current approval rate of 88.33%.