MakerDAO, the governance token behind the fifth most popular stablecoin DAI, is contemplating an increase in its United States Treasury bond investments to $1.25 billion from its previous allocation of $500 million.
According to a proposal released March 6, the move would allow MakerDAO to capitalize on the current yield environment.
Under the new plan, the existing $500 million allocation – consisting of $400 million in Treasury bonds and $100 million in corporate bonds – would significantly increase by $750 million.
MakerDAO intends to achieve this by implementing a six-month U.S. Treasury ladder strategy, which would involve bi-weekly roll-overs.
The latest proposal comes on the heels of several high-profile moves by MakerDAO, including a recent initiative that would permit MKR token holders to borrow DAI.
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