TechBizWebTechBizWeb

    Subscribe to Updates

    Get the latest news about Technology and Business from all around the web..

    What's Hot

    Amazon says it has ‘hundreds’ of Rivian electric vans making deliveries in the US

    November 7, 2022

    Ryanair swings to first-half profit and raises passenger forecast

    November 7, 2022

    Devialet brings its sci-fi design aesthetics to a $790 portable speaker

    November 7, 2022
    Facebook Twitter Instagram
    • About Us
    • Privacy Policy
    • Guest Post
    • Terms
    • Contact
    Facebook Twitter Instagram
    TechBizWebTechBizWeb
    Subscribe
    • Home
    • Technology

      Amazon says it has ‘hundreds’ of Rivian electric vans making deliveries in the US

      November 7, 2022

      Devialet brings its sci-fi design aesthetics to a $790 portable speaker

      November 7, 2022

      Elon Musk’s response to fake verified Elon Twitter accounts: a new permanent ban policy for impersonation

      November 7, 2022

      The iPhone 14 Pro and Pro Max will come with ‘longer wait times’ due to factory lockdown

      November 6, 2022

      Meta’s reportedly planning to lay off ‘thousands’ of workers this week

      November 6, 2022
    • Business
    • Cyber Security
      National Security News

      List of 620 Russian spies, featuring one alleged agent at the centre of one of the biggest personal scandals in Wall Street history.

      September 24, 2022

      Cybersecurity ranked most serious enterprise risk in 2022

      August 31, 2022

      Registration open for CISA virtual summit on K-12 school safety

      August 31, 2022

      What do the Trickbot leaks reveal about Russian cybercrime?

      August 31, 2022

      What cybersecurity measures do CISOs outsource?

      August 30, 2022
    • Blockchain
    • Vulnerabilities
    • Social Engineering
    • Malware
    • Cyber Security Alerts
    TechBizWebTechBizWeb
    Home»Blockchain»Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds
    Blockchain

    Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds

    October 7, 2022Updated:October 7, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email

    MakerDAO, a decentralized autonomous organization (DAO) tasked with the governance and issuance of stablecoin DAI, on Thursday allocated $500 million for investment in U.S. short treasuries and corporate bonds.

    According to the announcement, the strategic investment will see 80% of its overcollateralized stablecoin DAI converted into U.S. short-term Treasuries and the remaining 20% invested into corporate bonds. The move aims to diversify MakerDAO’s balance sheet into scalable traditional finance investments, expanding revenue streams and limiting exposure to any one asset.

    European wholesale lender Monetalis is acting as the advisor, while digital asset bank Sygnum is the lead partner in the $500 million diversification effort.

    In June, MakerDAO voted on a proposal aimed at helping it weather the bear market and use untapped reserves by investing 500 million DAI stablecoins into a combination of US treasuries and corporate bonds. The largest delegates in MakerDAO voted for the 80/20 split allocation. They reasoned that the allocation would be beneficial for the Maker protocol in the long term in many ways, including its new exposure to major traditional financial institutions and learning to manage finances in a bear market.

    The DAO’s decision to invest such a huge amount of funds was based on recommendations by several members who believed that deploying the unused funds could help boost the protocol’s profitability with minimal risk.

    The development signals a strategy by a major digital asset firm to move beyond the crypto landscape and earn yield from traditional “safe” financial investments with its flagship cryptocurrency DAI stablecoin.

    MakerDAO is the governing body of the Maker protocol, and Dai is a decentralized, collateral-backed stablecoin on the Ethereum blockchain. The Maker protocol leverages Ethereum smart contracts to automate the collateralization and lending of its stablecoin (DAI), as well as provide other functionalities of other cryptocurrencies.

    The development is a good example of decentralized governance participation to give more stability to the tainted algorithmic stablecoins. In May, Terra UST stablecoin, which was the fourth-largest stablecoin on the market during that time, crashed, wiping out investors globally. Besides wrecking investors, Terra’s destruction renewed scrutiny of the entire stablecoin and crypto space.

    Image source: Shutterstock

    bitcoin blockchain News
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Google Cloud Says Running Validator on Solana Blockchain

    November 7, 2022 Blockchain

    Binance Liquidates Entire FTT Holdings

    November 7, 2022 Blockchain

    Elrond Transforms Into MultiversX, Launches 3 New Metaverse Products

    November 7, 2022 Blockchain

    WeSleep Unveils its ‘Sleepie’ NFTs

    November 7, 2022 Blockchain

    OpenSea Creates Tool for NFT Creators to Enforce Royalties On-Chain

    November 7, 2022 Blockchain

    Circle to Introduce Euro Coin and Cross-Chain Transfer Protocol to Solana in Early 2023

    November 7, 2022 Blockchain
    Editors Picks

    Ryanair swings to first-half profit and raises passenger forecast

    November 7, 2022

    Devialet brings its sci-fi design aesthetics to a $790 portable speaker

    November 7, 2022

    Google Cloud Says Running Validator on Solana Blockchain

    November 7, 2022

    European stocks rise as investors boosted by China speculation

    November 7, 2022
    Trending Now

    Evergrande creditors sell ‘Versailles mansion’ plot in Hong Kong

    By techbizweb

    OpenSea Creates Tool for NFT Creators to Enforce Royalties On-Chain

    By techbizweb

    FTSE chairs warn of declining relations with institutional investors

    By techbizweb

    https://www.nationalsportsacademy.com

    slot gacor hari ini

    http://www.inadesfo.org/

    http://www.eueomgbissau.org/

    http://www.congo-mai-mai.net/

    http://www.angelesdelafrontera.org/

    http://fifaworldcup2018schedule.com/

    http://tony4gtrmcr.co.uk/

    http://www.standrewsagreement.org/

    http://www.bob-russell.co.uk/

    http://davidmulholland.co.uk/

    http://railwayhotelenniskillen.com/

    http://www.fantasysportstrades.com/

    http://www.rainleaf-flooring.com

    http://mothersagainstguns.org/

    http://ma-coc.org/

    slot online

    http://www.paradoxmag.com/situs-judi-slot-online-gampang-menang-2021/

    http://www.paradoxmag.com/situs-judi-slot-online-terbaru-2021/

    http://slot-terbaru.net/

    Slot Gacor

    Slot Online

    Situs Slot Gacor

    http://www.appdexterity.com/

    https://cars4kids-deutschland.de/

    https://www.stretchingculture.com/

    https://www.b-123-hp.com/slot-gacor/

    https://denzstaffing.nl/

    https://ezbbqcooking.com/slot-gacor/

    https://www.mbahelp24.com/slot-gacor

    https://minhtanstore.com/slot-jackpot-terbesar/

    https://njbpusupplierdiversity.com/slot-gacor-gampang-menang/

    https://www.floridaspecialtycropfoundation.org/slot-gampang-menang/

    https://childrenscornerpreschool.org/slot-gacor-gampang-menang/

    https://cryptoquoter.com/slot-online-terbaik/

    https://alorkantho24.com/slot-gacor/

    https://ellas.xyz/slot-gacor/

    https://it.dougamatome.xyz/slot-online/

    https://www.daltercume.com/slot-gacor/

    https://josi-ana.dougamatome.xyz/slot88/

    https://josi-ana.dougamatome.xyz/slot-gacor/

    https://fastobserver.com/slot-jackpot-terbesar/

    https://www.planetexperts.com/slot-gacor/

    https://bfsolution.group/slot-bet-kecil/

    https://rustleva.co/slot/

    https://bfsolution.group/slot-bet-kecil/

    https://www.hotelcalimareal.com/togel-online/

    https://anime-game.dougamatome.xyz/slot-gacor-gampang-menang/

    https://anime-game.dougamatome.xyz/togel-online/

    https://bourbonbarrelfoods.com/slot/

    http://suneo39.wp.xdomain.jp/slot/

    https://techbizweb.com/slot-gacor/

    https://www.generalcatalyst.com/18-daftar-slot-gacor-terbaik-gampang-menang-jackpot-hari-ini/

    https://www.hotelcalimareal.com/slot-online/

    https://www.blockgates.io/slot-gacor/

    https://l12.com.br/slot-gacor/

    slot paling gacor

    https://www.donalds-hobby.com/slot-online/

    https://thecryptodirt.com/slot-gacor-hari-ini/

    http://iseta.edu.ar/aulavirtual/app/upload/users/1/1205/my_files/sbobet.html

    http://escuelavirtual.mincit.gov.co/app/upload/users/1/194/my_files/slot.html

    https://www.dev.medecinesfax.org/courses/JUDICASINO/document/slot.html

    http://www.e-archivos.org/cursos/courses/JUDICASINO/document/slot-gacor.html

    http://iesma.com.br/ead/main/upload/users/4/447/my_files/slot.html

    https://www.fundacoop.org/chamilo/app/upload/users/1/1185/my_files/slot.html

    https://fata-aatf.org/eskola/main/upload/users/3/31/my_files/slot.html

    https://uancv.edu.pe/ofinvestigacion/app/upload/users/3/328/my_files/slot-terlengkap.html

    https://micost.edu.my/EL/app/upload/users/2/209/my_files/slot-gacor.html

    https://www.academiacoderdojo.ro/elearningdev/app/upload/users/2/2442/my_files/slot-online.html

    http://campus-cidci.ulg.ac.be/courses/JUDICASINO/document/slot-termurah.html

    https://www.escueladerobotica.misiones.gob.ar/aula-ste/courses/LIVECASINO/document/slot-tergacor.html

    http://ccdipeepccqqfar.usac.edu.gt/chamilo/app/upload/users/3/358/my_files/slot-online.html

    https://cunori.edu.gt/campus/app/upload/users/7/7334/my_files/slot-online.html

    http://u-rus.com.ar/aula/app/upload/users/1/1322/my_files/slot.html

    http://icrodarisoveria.edu.it/chamilo/app/upload/users/1/1855/my_files/slot.html

    https://iestpliliagutierrez.edu.pe/clarolgm/courses/CASINO/document/slot.html

    http://pva.cobach.edu.mx/app/upload/users/7/7379/my_files/slot.html

    http://www.imb-pc-online.edu.gt/PL/app/upload/users/3/373/my_files/slot.html

    http://avcs.upeu.edu.pe/main/upload/users/3333/my_files/slot.html

    https://chamilo.fca.uas.edu.mx/app/upload/users/1/11186/my_files/slot-online/

    TechBizWeb
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    • Guest Post
    • About Us
    • Privacy Policy
    • Our Authors
    • Terms and Conditions
    • Contact
    © 2023 Tech Biz Web. Developed by Sawah Dev.

    Type above and press Enter to search. Press Esc to cancel.