stablecoin DAIa decentralized autonomous organization (DAO) behind MakerDAOto invest in U.S. short-term treasury bills and corporate bonds. 500 million dollars separated.
Stablecoin Issuer MakerDAO Allocates $500M For Treasury Bonds And Institutional Bond Investment
The investment transition DeFi asset advisor monetalis will be started by
This strategic investment will be converted from highly collateralized stablecoins, with 80% going into US short-term Treasury bonds and the remaining 20% into investable corporate bonds.
MakerDAO’s community voted in favor of the investment proposal submitted at the end of June.
Stablecoins and collateral, $40 billion terra stablecoin that causes fluctuations in the ecosystem and cryptocurrency market TOPIt has been the subject of controversy lately since the collapse of .
With this move, the company aims to diversify its balance sheet by limiting reliance on any assets and expanding revenue streams.
DAOs are entities with no central leadership and whose decisions are driven by artificial intelligence software rather than humans.
DeFi, on the other hand, is an umbrella term for lending, trading and other financial activities performed on a blockchain without traditional intermediaries.
This development is seen as a successful example of participation in decentralized governance and the industry’s effort to further stabilize flawed algorithmic stablecoins.
While MakerDAO’s stablecoin DAI is decentralized, invested in its smart contracts Ethereum (ETH) backed and highly secured.
*Not investment advice.
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