Maker governance is voting to invest $500 million in US treasury bills

The reason this is happening is because Maker's current treasury is largely held in stablecoins that generate little-to-no yield. By investing excess funds elsewhere, theThis new vault will hold Maker’s investment in liquid bond strategies. As part of the previous agreement, the community chose US short-term treasuries and investment-grade corporate bonds as the preferred asset allocation options.

The ongoing vote is whether to allocate the $500 million completely to US short treasuries or an 80%-20% split between short treasuries and IG corporate bonds. The 80-20 split option is currently accounting for the most votes — almost 99% as of the time of publishing — according toPrivate wholesale lender Monetalis will create the trust that will hold the bonds for Maker but only Maker will have sole control of the funds of the legal structure. The Maker Governance will also be able to liquidate the investment via an executive vote, the project stated.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Osato is a reporter at The Block who likes to cover DeFi, NFTS, and tech-related stories. He has previously worked as a reporter for Cointelegraph. Based in Lagos, Nigeria, he enjoys crosswords, poker, and attempting to beat his Scrabble high score.

OsatoNomayo So people buy crypto/defi to escape legacy & then crypto/defi starts buying legacy

OsatoNomayo Scratching my head here. Who’s running Maker? the FED?

MakerDAO OsatoNomayo So what is crypto doing for ya ?

OsatoNomayo what's worse than wrapped usdc?

OsatoNomayo Huh? We've done a complete 360 now. Don't try and compete with the U.S. govt,fed,banks, etc...

OsatoNomayo 'Private wholesale lender Monetalis will create the trust that will hold the bonds for Maker but only Maker will have sole control of the funds of the legal structure. The Maker Governance will also be able to liquidate the investment via an executive vote, the project stated.'

bantg OsatoNomayo Lol ngmi

bantg OsatoNomayo So marker is proping up the fiat slave system.

bantg OsatoNomayo Dang

OsatoNomayo Sooo… people buy into crypto to escape the system and the crypto they buy ends up buying US bonds? 😄

OsatoNomayo how is this legal?

OsatoNomayo Gary’s gonna love you 😍

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