bullish

Dai

MakerDAO: The Winding Path to Decentralization

235 Views14 Oct 2022 08:34
Syndicated
SUMMARY
  • Last week MakerDAO, one of DeFi’s oldest lending protocols, voted to invest $500m of their collateral pool into US Treasuries and Corporate Bonds.
  • This is the first time a decentralized organization has voted to undertake a “real-world” allocation of such scale, and all the more remarkable considering it will go to a government-issued asset.
  • MakerDAO is the Decentralized Autonomous Organization behind the 4th largest stablecoin by market cap, DAI, which is used throughout the DeFi ecosystem.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Kaiko
Data-Driven Analysis of Cryptocurrency Markets
Kaiko
Crypto
Price Chart(Sign Up to Access)
analytics-chart
  • Loading...
x