MakerDAO contributors propose up to $100M allocation for exploring tokenized T-Bills | Headlines | News | CoinMarketCap
09/08/2023 22:18The DAO-focused financial advisory firm Steakhouse, in collaboration with the research and development company Phoenix Labs, has urged the MakerDAO …
The DAO-focused financial advisory firm Steakhouse, in collaboration with the research and development company Phoenix Labs, has urged the MakerDAO community to consider allocating up to $100 million from its reserves for investment in tokenized U.S. Treasury Bill (T-Bill) products. The proposal is currently in the discussion phase.
"We suggest that MakerDAO consider allocating up to 100M to develop and experiment with tokenized T-Bill products," the proposal stated.
MakerDAO, the issuer of the DAI decentralized stablecoin, has previously invested over a billion dollars in U.S. Treasurys via off-chain structures since 2022. The organization described the move as a strategy to strengthen its balance sheet through exposure to low-risk, liquid traditional assets.
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