Popular Cryptocurrency Project Based on Ethereum (ETH) Network Partners With Traditional Bank!

Ethereum (ETH) MakerDAO, one of the oldest and most popular cryptocurrency projects of its network, put an interesting proposal to the vote.

named DAI stablecoin also managing MakerDAO team voted to include a traditional bank in the ecosystem.

If this vote is accepted, the bank in question will be able to introduce its own assets into the world of DeFi.

MakerDAO Negotiates with Traditional Bank

As of July 7, 83% support the proposal and it seems that the bank will receive approval if there is no major change.

Production of a private pool containing 100 million DAI in the proposal and its Huntingdon Valley Bank‘to (HVB) opening for new collaboration.

Last week, MakerDAO members approved the use of $500 million worth of DAI to invest in corporate and US Treasury bonds.

Right after this, a vote that will allow a traditional bank to get DeFi-based loans was also implemented, and it seems that the project is more active than ever before.

If HVB in 1871 It is known as a bank established in Pennsylvania.

HVB and Maker Protocol The partnership with Maker Protocol is particularly important. Maker Protocol is not currently able to provide direct US dollar loans to borrowers, but MakerDAO A special organization will be established for this purpose.

This will remove the barriers to integration with a traditional bank and make it possible.

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