MakerDAO’s Proposal to Raise Investment Ceiling of US Treasury Bond Bonds Passes
It is reported that, according to official news, MakerDAO\’s proposal to raise the investment ceiling of US treasury bond bonds from US $500 million to US $1.25
It is reported that, according to official news, MakerDAO’s proposal to raise the investment ceiling of US treasury bond bonds from US $500 million to US $1.25 billion has been passed. This proposal won 77% of the votes. MakerDAO will use USD750 million in PSM to purchase more US treasury bond bonds, thus diversifying the current assets supporting DAI. These bonds mature every two weeks and will be purchased a total of 12 times over a six-month period for $62.5 million each. According to the proposal, the strategy expects a net annualized yield of 4.6% to 4.5% after deducting custody and expected transaction costs.
MakerDAO has approved the proposal to raise the investment ceiling of US treasury bond bonds to US $1.25 billion
Analysis based on this information:
According to official news, MakerDAO has won approval for its proposal to raise the investment ceiling of US Treasury Bond Bonds from $500 million to $1.25 billion, with 77% of the votes in favor of the proposal. The proposal aims to use $750 million in PSM to purchase more US Treasury Bond Bonds, which will diversify the current assets supporting DAI. The bonds mature every two weeks and will be purchased a total of 12 times over a six-month period for $62.5 million each.
MakerDAO’s decision to purchase US Treasury Bond Bonds comes as a response to the ongoing volatility in cryptocurrency markets. These bonds are considered low-risk, secure investments that can provide a stable source of income. By diversifying its asset pool, MakerDAO aims to minimize risks and ensure the stability of DAI.
The proposal expects a net annualized yield of 4.5 to 4.6% after accounting for custody and expected transaction costs. This means that the bonds are expected to generate a stable return on investment for MakerDAO. The decision to purchase US Treasury Bond Bonds will also improve MakerDAO’s risk management system and provide greater stability for the entire DeFi ecosystem.
In conclusion, MakerDAO’s proposal to raise the investment ceiling of US Treasury Bond Bonds has been passed, and the company plans to use $750 million in PSM to purchase more of these bonds over a six-month period. The decision to diversify MakerDAO’s assets is expected to generate a stable annualized yield and minimize risks in the cryptocurrency market. This will not only benefit MakerDAO but also improve the stability of the entire DeFi ecosystem.
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