The MakerDAO Community Proposes To Allocate Up to $100 Million To Develop and Experiment With Tokenized U.S. Treasury Bond Products
MakerDAO community has proposed allocating up to $100 million in funding for the development and testing of tokenized US Treasury bills (T-Bill) products, including T-Bills collateralized with Flux fDAI and frictionless products such as Maple Cash USDC, as well as long-term products such as Backed Finance's bIB01 and bIBTA.
MakerDAO Once Again Adds $50 Million in RWA Assets via BlockTower Andromeda
On September 8th, according to Makerburn data, MakerDAO added $50 million in RWA assets through BlockTower Andromeda, mainly invested in short-term US government bonds with an annualized interest rate of 4.5%. In addition, the current protocol's total RWA assets have reached $2.513 billion.
MakerDAO Founder: NewChain Has Not Yet Chosen Which Code Base to Base on, It Is Just a Survey
Rune Christensen, the founder of MakerDAO, stated in an interview that "NewChain has not yet chosen to adopt the Solana or Cosmos codebase, only conducting investigations; the Maker Dao structure is divided into SubDAO, which requires effective operation in the direction of multiple tokens. Regarding the second phase SubDAO of Endgame, there will be various business models for SubDAOs in various fields such as Web3 cultural communities and RWA. Our goal is to make the DAO itself a sustainable ecosystem."
Solana and MakerDAO Joint Creation Call for an End to Attacks on Ethereum, Warning the Community Against Divisive Behavior
Anatoly Yakovenko, co-founder of Solana, and Rune Christensen, co-founder of MakerDAO, warned their communities on the X (formerly Twitter) platform to stop attacking Ethereum and to avoid any behavior that would cause division within their own communities.
Hackers Who Previously Attacked MEV Robots Transferred More Than 7.3 Million DAI to MakerDAO
On September 2nd, according to SlowMist monitoring, the hacker who made tens of millions of dollars by attacking the MEV robot in April transferred 7,317,799 DAI to MakerDAO.
MakerDAO founder: Will reconstruct the Maker protocol on the new chain NewChain
On September 1st, MakerDAO founder Rune Christensen published an article titled "Exploring the NewChain-based Solana Codebase Fork." Rune stated that he will be rebuilding the entire Maker protocol in the final stage of Endgame and releasing it on a new, independent chain currently codenamed NewChain. Rune further stated that the final stage of Endgame is a significant long-term project that may take at least three years. The most important reason for using New Chain is that it will allow the ecosystem to quickly and seamlessly recover from the most severe governance attacks or technical failures.
Maker (MKR) Token Jumps Over 10% as MakerDAO Turns Profitable Again
The Maker (MKR) governance token of DeFi lender MakerDAO saw a 10% increase in value on Thursday, despite the broader cryptocurrency market experiencing a 3.5% decline. MakerDAO's profitability has improved due to the platform's recent overhaul, which includes investing stablecoin reserves in real-world assets and lending to banks for higher yields. The platform's profits are being used to benefit MKR holders through a token buyback scheme. The Maker-adjacent lending platform Spark has also experienced growth, nearing an all-time high of $700 million in total value locked.
The Founder of MakerDAO Exchanged 215,000 DAI for 211.61 MKR
According to Spot On Chain monitoring, it was reported by Jinse Finance that Rune Kek, the founder of MakerDAO, exchanged 215,000 DAI for 211.61 MKR at an average price of $1,016 7 hours ago. The total purchase amount in the past 4 days was 409.06 MKR at an average price of $1,015.
MakerDAO Repurchases Open Again, With $55.8 Million Left in the Treasury
According to Makerburn data, on August 28th, MakerDAO recently made a profit of over $7.45 million by selling $125 million RWA asset Monetalis Clydesdale. The current treasury balance is $55.8 million, and the part exceeding $50 million ($5.8 million) will be used to buy back MKR and add it to Uniswap V2 with DAI. MakerDAO started the buyback two days ago.
A Giant Whale Exchanged 2,720 WETH for 4.49 Million DAI in the Past Two Days and Deposited It in MakerDAO
According to Spot On Chain monitoring, a whale address starting with 0x562 sold 2720 WETH in the past two days in exchange for 4.49 million DAI. Then the whale deposited the 4.49 million DAI into MakerDAO, which currently offers a 5% interest rate.
