MakerDAO Adopts Real-World Assets as Crypto Leverage Demand Wanes
— Integration, Ragsdale, Invest, Pennsylvania chartered us, Voters agreed, Top crypto nws, Crypto, Makerdao members, Unique position, World — 1 min read
MakerDAO members have agreed to invest $500 million DAI in US treasuries and corporate bonds. Voters agreed there would be an 80% allocation to US short-term treasories and 20% into investment-grade corporate bonds. At the time of writing, 84.55% of voters are supportive of this decision. DAO may be the first protocol to offer conventional loans to borrowers backed by traditional institutions if its latest proposal is approved, which would add Huntington Valley Bank (HDV), a Pennsylvania Chartered US-based commercial bank, as a new DAI debt ceiling participant. The proposal was an attempt for the DAO to generate yield from its DAI holdings with professional bond managers and to diversify counterparty risks. Source