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.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.