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Prominent DeFi tokens, including Maker, Lido, and Curve, have all led the latest crypto rebound, jumping in price.

A V-shaped recovery from the $590 support triggers a parabolic growth in Maker coin price. The altcoin currently trades at $1084 with an intraday gain of 8%.

Maker [MKR] recently registered a promising uptick as its value increased by 7% in the last week. At press time, MKR was trading at $1,004 with a market capitalization of $959,766,006.

For the first time since 2020, MakeDAO has crashed in its quarterly net income. The DAO is the autonomous community that governs the Maker Protocol.

Crypto price today Oct 16th: The crypto market shows several cryptocurrencies painted green today as the traders' sentiment has calmed down from the high CPI data. By press time, the global cryptocurrency market cap is trading at $915.55 billion, whereas the total trading volume wavers at $58.48 billion.

MakerDAO was seen witnessing some dominance in the DeFI market as of 15 October. And one of the reasons for this development could be the constant introduction of new proposals to improve the protocol on the whole.

The drop in revenue together with high expenses resulted in MakerDAO's first net income loss since 2020.

Messari research shows MakerDAO has experienced its first quarter of net income loss since 2020 following a huge fall in loan demand and few liquidations.

The crypto market is bouncing back from another sudden move into the lows with Bitcoin, Ethereum, and other major cryptocurrencies recording heavy losses. In this dangerous environment for risk, there are a select few tokens still in profit with the potential to continue swimming against the tide in the coming weeks.

MakerDAO dominated the DeFi space in terms of market cap. At press time, it was ranked number one when compared to other protocols.

Tron rose to a one-month high in today's session, hitting a key resistance point in the process. The surge in price comes despite cryptocurrency markets trading mostly lower on Monday. Another exception to this decline was maker, which remained close to an eight-week high.

The crypto market saw prices move from key support across all boards, with the crypto marketcap finding some relief recently as it aims to reclaim its resistance of $1.2 trillion. This has led to market sentiments returning bullish, with many crypto assets rallying from the key support and producing double-digit gains.

Maker DAO's MKR token has been on a recovery rally for almost three weeks but the bulls were showing signs of a slowdown.

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced “the strategic investment of $500M USD (converted from $500M DAI) into a combination of US Short Treasuries and Investment Grade Corporate Bonds.

This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let's take a look at it in more detail.

MakerDAO, the governing body of the Maker protocol, recently revealed that a community-wide vote that had been going on for months had concluded. The goal of the vote was to determine how best to allocate the Maker treasury funds for the best investment.

MakerDAO, the decentralized autonomous organization (DAO) behind the stablecoin DAI is kicking off its $500 million investment strategy to allocate funds for traditional assets.

The governing body behind the protocol will invest $400 million in US treasuries and $100 million in corporate bonds.

Coinspeaker MakerDAO to Invest $500M in US Treasuries and Corporate Bonds

MakerDAO has invested $500 million of its reserves in traditional assets to diversify its balance sheet and strengthen the DAI stablecoin backing.  Investing In Traditional Assets Decentralized autonomous organization, MakerDAO has initiated $500 million from its reserves to be invested in traditional assets like the U.S. Treasuries and bonds.

MakerDAO, the team behind the DAI stablecoin, has taken its first step in allocating $500 million worth of funds to the U.S. Treasury and corporate bonds, thereby diversifying its balance sheet. The allocated funds were stored in the custody of two investment companies.

The Maker Protocol's regulatory body, MakerDAO, has started converting $500 million of its collateral reserves for the crypto Dai into short-term U.S. Treasury and corporate bonds.

MakerDAO has initiated an investment, where $500 million of the funds that are collateralizing the Dai (DAI/USD) stablecoin will be relocated to US Treasuries and corporate bonds, with the main goal of providing the protocol with an additional yield at low risk.

MakerDAO has initiated an investment, where $500 million of the funds that are collateralizing the Dai (DAI/USD) stablecoin will be relocated to US Treasuries and corporate bonds, with the main goal of providing the protocol with an additional yield at low risk.