Maker’s Decentralized Community Opens 500M DAI Investment Votes

Maker Governance has opened different investment strategies to vote for MKR holders, where it will allocate 500 million DAI coins.

25 May 2022Approved by Maker Governance in MIP65: Monetalis Clydesdale: Liquid bond/bond strategy and implementation Maker Governance pursuant to its decree, 500 million DAIIt votes on the investment products to which it will allocate.

According to MakerDao’s statements, USDC will be received through PSM to invest in the option chosen by the majority of votes as a result of the voting. through a trust (a fund-like investment trust that keeps its investors’ assets) will be invested in low-risk, liquid bonds.

Dao conveyed the details of the fund management regulation to its investors in a statement on Twitter;

  • Power of any third party or Monetalis to interfere with the legal structure of the fund will not be found.
  • Maker Governance trust by majority vote at any time can terminate.
  • Individual third parties will not be allowed to interfere with Maker Governance’s decision-making ability.
  • Income earned on trust once in 3 months will be sent manually to the Maker revenue account.

MKR holders can vote investment options;

  • 80% short-term treasury bills – 20% private sector bonds/bonds and
  • %one hundred short-term treasury bills

consists of two different strategies.

Until now 61,920 In the selection where MKR is used, the users 79.55%When choosing the first option 6.99%u preferred the second strategy besides 13.46% There are no users who have abstained from the investment idea so far.

source site-9