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Ethereum World News 2022-10-06 13:21:53

MakerDao (DAI) Community Chooses Sygnum For $500 Million Diversification Plan

Summary: MakerDAO will tap digital bank Sygnum for its diversification effort. This comes after the community voted to deploy excess funds and non-yield-bearing assets from Maker’s treasury into external investment vehicles. Majority of the Maker community opted for a $500 million allocation with an 80-20 split between U.S. short-term Treasury bonds and investment-grade (IG) corporate bonds. Sygnum will collaborate with BlackRock Switzerland to facilitate phase 1 of the billion-dollar investment. MakerDAO, the decentralized community governing DAI stablecoin issuer Maker, voted […]

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