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The purchase is the latest step to increase the role of real-world assets in the platform's DAI stablecoin reserve.

MakerDAO initially purchased $500 million in U.S. Treasury bonds in October 2022 for exposure to traditional low-risk liquid assets.

Story Highlights Maker price could possibly surge as high as $931.61 by the end of 2023. MKR price with a potential surge could go as high as $4,091.63 by the end of 2030. The live Price of Maker Dao is .

While the move could result in higher collateral rates, it could also stimulate an increase in DAI's circulation

BeInCrypto presents the top 5 altcoins that increased the most in the cryptocurrency market during the last 7 days. Specifically, the relevant period is June 10-16, 2023.

DAI has overtaken BUSD in market cap as Binance faces legal issues. The integration of rETH and raised debt ceiling bolstered DAI's growth and stability.

The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.

Maker's annualized fee revenue hit $94.87 million at the time of publication, the highest since mid-February 2022.

The result could have a significant impact on Gemini and its stablecoin as MakerDAO's reserve holds roughly 88% of total GUSD supply.

Amidst the bloodbath present ravaging the majority of cryptocurrencies, Maker (MKR) has managed to maintain its value and shown positive momentum. This current performance is noteworthy and has triggered the interest of investors and market observers.

Key Points: On Wednesday, an arbitrage bot borrowed $200 million worth of the dai stablecoin (DAI) from MakerDAO using the DssFlash contract. This contract permits users to borrow any amount of DAI without incurring fees, according to crypto data provider Arkham Intelligence.

An arbitrage bot flash loaned $200 million worth of the dai stablecoin from MakerDAO on Wednesday, making a $3.24 profit after transaction fees.

Key Points: According to data from MakerBurn, the decentralized autonomous organization (DAO) MakerDAO has achieved a significant milestone, with its current annualized income reaching a record high of $95 million. This marks a substantial increase of 147% since the beginning of the year, making it the highest level recorded since mid-February 2022.

In a recent announcement, MakerDAO revealed that approximately 42% of the initial use cases for DAI, the stablecoin issued on the Ethereum blockchain, are within decentralized exchanges (DEXs).

The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds via crypto asset manager BlockTower Capital. "The Hash" panel discusses the outlook for the Maker ecosystem.

Injective (INJ) is in the process of breaking out from a descending resistance line. Aptos (APT) and Sun (SUN) could soon break out from long-term resistance lines.

The MakerDAO community has voted to approve a $1.28 billion investment in United States government bonds. The vote is a sign of the DAO's willingness to invest in more traditional assets.

A MakerDAO vote ending Thursday approved the proposal to invest up to $1.28 billion in US Treasuries.

The community behind MakerDAO has voted in favor of a proposal that will see the DeFi protocol purchase $1.28 billion worth of short-dated U.S. Treasuries.

According to data from DeFiLlama on May 31, MakerDAO, an Ethereum-based decentralized money market that enables the borrowing and lending of assets, including ETH, expends approximately $27.66 million annually to sustain the protocol.

The protocol's community voted for onboarding a new real-world asset vault that would invest up to the additional amount in U.S. Treasury bonds.

The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP's total supply.

MakerDAO did not turn out the way founder Rune Christensen hoped it would. The rise of undesirable human behavior, he realized, was inevitable.

The MakerDAO community is buzzing with anticipation as they prepare for a crucial vote that could shape the future of decentralized finance (DeFi). The proposal at hand involves increasing the savings rate of MakerDAO's stablecoin, Dai (DAI), to 3.33%.