.MakerDAO voted for onboarding a new real-world asset vault that would invest up to $1.28 billion in short-term U.S. Treasury bonds with asset manager BlockTower. sndr_krisztian reports
Maker will pay a 0.15% arranger fee to BlockTower. Celadon Financial Group will act as a broker and Wedbush Securities will custody assets.
Maker has already purchased $1.1 billion of government and corporate bonds via a vault helmed by asset manager . It also made loans to banks such as Huntingdon Valley Bank and Societe Generale-Forge, the French banking giant’s crypto-focused subsidiary.The latest decision fits into Maker’s ambitions to diversify reserve assets backing its $5 billion stablecoin DAI and boost protocol revenues by investing in yield-generating strategies. Maker earns a yield on storing $500 million
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