MakerDAO passes proposal for $750M improve in US Treasury investments

Lending protocol and stablecoin issuer MakerDAO handed a proposal on March 16 to extend its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.

The proposal goals to extend the protocol’s publicity to real-world property and “high-quality bonds,” following its Dai (DAI) stablecoin dropping its $1 peg throughout market volatility on March 11. The $750 million debt ceiling hike was accepted by 77% of Maker’s delegates. A consultant of MakerDAO informed Cointelegraph:

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