MakerDAO, the creative community of stablecoin DAI, has agreed to a plan to allocate $500 million to invest in US treasury and corporate bonds.
MakerDAO community managers plan to diversify their investments to ensure long-term security on funds. For this move, which is called “strategic investment” with the latest developments, 500 million dollars It was announced that the asset was intended to be allocated. 500 million dollar fund of 80% part of the US short-term treasury fund, 20% off The remaining portion will be divided into US corporate bonds. The investment proposal has been put to vote by the MakerDAO community. If 9,827 supporters are provided, the voting will be accepted within days, with the investment idea positively welcomed by the community. surpassing 73 thousand supporters consensus has been achieved.
The investment venture aims to diversify the MakerDAO balance sheet by “creating hedges and expanding income streams with scalable legacy finance investments.” Decentralized finance (DeFi) asset advisor of fund investment in recent monetalis is scheduled to be launched.
According to leading market commentators, this move by MakerDAO is interpreted as a successful example of the independent management involvement of DeFi entities and the industry’s effort to bring more stability to flawed algorithmic stablecoins.