MakerDAO Participants Recommend Allocating Up to $100 Million to Investigate Tokenized T-bills

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Last Updated on September 10, 2023 by Bitfinsider

Steakhouse, a DAO-focused financial consultancy service, has encouraged the MakerDAO community to consider deploying up to $100 million from its reserves for investment in tokenized US Treasury Bill (T-Bill) products in partnership with the research and development firm Phoenix Labs. The suggestion is currently being discussed.

“We suggest that MakerDAO consider allocating up to 100M to develop and experiment with tokenized T-Bill products,” according to the proposal.

MakerDAO, the DAI decentralised stablecoin’s issuer, has already invested approximately a billion dollars in US Treasurys using off-chain mechanisms since 2022. The decision was defined by the organisation as a drive to enhance its balance sheet by increasing exposure to low-risk, liquid traditional assets.

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