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MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds

Coin Telegraph LogoCoin Telegraph1 mo ago

MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds

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The DAO intends to generate yield with its native DAI stablecoin via traditional investments in US treasuries and possibly even corporate bonds.

The Maker Governance votes to determine how to allocate 500 million DAI between different investment strategies.

Once an option is chosen, European wholesale lender Monetalis will provide MakerDAO access to the financial instruments it wants.


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Article Details

Author / Journalist: Cointelegraph By Brian Newar

Category: Crypto

Topics: MIP 65 Monetalis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 06:27:08

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 3 minutes read

Article Length: 475 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 19726

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 25 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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