The proposal by MakerDAO regarding the liquid bond investment strategy passed with a voting rate of 71.19%

2022-10-04 22:54:55

Collection

Chain Catcher news, MakerDAO announced on Twitter the progress of several proposals regarding the diversification of MakerDAO's income over the past few months. Among them, the MIP65 proposal related to the liquidity bond strategy and execution passed with a voting rate of 71.19%. This proposal aims to add a Maker Vault for real-world assets (RWA) with a debt ceiling of 500 million DAI. This Maker Vault will acquire USDC through PSM and invest it in approved bond strategies—80% in U.S. Treasury bills and 20% in IG corporate bonds.

Regarding the MIP82 proposal for Monetalis/Coinbase, it aims to add an RWA Maker Vault, acquire USDC through PSM, and lend up to 500 million USDC to Coinbase with ETH or BTC as collateral for custody, with an expected interest rate of 4.5-6%. This proposal is expected to have its first on-chain voting cycle in October.

The MIP81 proposal concerning Coinbase USDC institutional rewards aims to add approximately 1.6 billion USDC from PSM to Coinbase Prime, providing MakerDAO with up to 1.5% annual income in USDC—approximately 22.5 million dollars in annual revenue. This proposal will have its first on-chain voting cycle between October 10 and 24. (Source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.