MakerDAO Allocates $500M into US Treasuries, Corporate Bonds

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced “the strategic investment of $500M USD (converted from $500M DAI) into a combination of US Short Treasuries and Investment Grade Corporate Bonds.” The move, which will be initiated by DeFi… Read More
Read more in: Blockchain & Digital Assets, General News | Tagged allan pedersen, bonds, corporate bonds, dai, decentralization, decentralized finance, decentralized stablecoin, defi, defi lending protocol, diversification, investments, lending, makerdao, stablecoin, stablecoins