MakerDAO acquired $700 million in treasury assets, raising the value of its assets to $1.2 billion.
MakerDAO increased its asset value by buying US Treasury bonds. The project added $700 million of treasury bonds to its portfolio, creating a $1.2 billion pool of assets.
MakerDAO Purchases Assets After US-Adopted Debt Ceiling Limit
MakerDAO has increased its assets to $1.2 billion by purchasing US Treasury bonds. MakerDAO, which first purchased $500 million of bonds in October 2022, has now completed over $700 million of US Treasury bond purchases. These bond purchases were announced as a strategy to increase MakerDAO’s exposure to low-risk and liquid traditional assets.
The acquisition was completed on behalf of MakerDAO by Monetalis Clydesdale Vault, a digital asset manager operated by DeFi lender Monetalis Group. Monetalis Group CEO Allan Pedersen stated that MakerDAO is a leader in the DeFi space and has raised a large amount of funds in the fixed stability module. This is a move to ensure the stability of the DAI stablecoin.
Pedersen stated that MakerDAO’s strategy to diversify its asset pool by investing in US Treasury bonds is taking advantage of the current yield environment and operating its assets effectively. Given the strong performance of the bond market and the success of initial bond purchases, MakerDAO is a powerful, reliable and flexible solution that will generate more revenue for the protocol, increasing real-world asset risk.
35511
