In October 2022, MakerDAO initially began investing $500 million in US Treasury issued bonds, which it partnered with DeFi-focused consulting firm Monetalis to complete.
Asset managers Sygnum Bank and Baillie Gifford were individually allocated with $250 million each.
The purpose of this project was to provide MakerDAO with a strong balance sheet by using low-risk traditional assets.
By March 2021, Block Analitica had proposed increasing the DAI stablecoin return rate to 3.33% per annum, which was eventually implemented on June 20 by raising this parameter to 3.49%.
As a result, MakerDAO’s reserves increased from $500 million to $1.2 billion.
