- This will increase revenue by $1.3 million in two weeks.
- If necessary, the portfolio can be liquidated in 1-2 days
- It will be managed by the consulting firm Monetalis.
One of the oldest DeFi projects, MakerDAO, plans to increase investment in treasury bonds to $1.25 billion. offer was posted on the organization’s forum on March 5.
Recall that earlier MakerDAO had already transferred $500 million into securities. The investment turned out to be highly profitable and brought about $2.1 million in fees as of January 2023.
The proposal refers to investing in bonds for a period of six months. In this case, it is planned to use the “ladder” strategy. This means that an equal number of securities will be redeemed every two weeks.
With a constant prolongation, the income from each such slot will be $1.3 million. If necessary, the deposit can be urgently liquidated within a couple of days to improve the liquidity situation.
The transaction is carried out through Sygnum Bank. In addition, as in the previous case, the project will be supervised by the consulting company Monetalis. Recall that MakerDAO became the first organization in the cryptocurrency space to invest in classic derivatives.
The decision to increase investment is not yet final. Quorum members are still making proposals and changes, so the exact timing of the purchase of securities is unknown.