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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.

DeFi pioneer MakerDAO will be converting as much as $500 million worth of its DAI stablecoin to use for investing in treasuries and bonds. The post MakerDAO DeFi Platform Dips Into TradFi With $500M Investment in Bonds and Treasuries appeared first on BeInCrypto.

$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield.

Maker (MKR) recently stole the limelight from all the cryptos with a higher market capitalization as it showed commendable performance over the last week. The altcoin became the highest gainer in the last week as its value grew by over 17%, followed by Elrond and Polygon, which also gained 13.4% and 13.2%, respectively.

The move is an attempt by MakerDAO to diversify its holdings by allocating $500 million for investment in U.S. short treasuries and corporate bonds.

The decentralized autonomous organization (DAO) MakerDAO, which is behind the stablecoin Dai (CRYPTO: DAI), has set aside $500 million to invest in corporate and U.S. Treasury bonds. The money will come from its overcollateralized stablecoin, with 80% going to investment-grade corporate bonds and 20% going to short-term U.S. Treasury securities.

The move comes months after the protocol's founder advocated against centralized assets in the aftermath of Tornado Cash.

Like other stablecoins issuers, the DAO is transitioning its reserves towards reliable government debt.

MakerDAO said it has initiated $500 million investment in traditional assets using its reserves. The post MakerDAO initiates $500 million investment in US treasuries, corporate bonds appeared first on The Block.

The global crypto market cap on Thursday increased by 0.94%, reaching $964.04 billion during the early European session. Contrarily, the 24-hour volume of all cryptocurrencies has dropped to $60.15 billion, a decrease of 0.90% from the previous day. However, major cryptocurrencies were trading in a narrow range. 

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.

The transition will be initiated by DeFi asset advisor Monetalis.

MKR holders that aped in towards the end of September are pleased with their decision considering the healthy run-up in the last two weeks. The Maker DAO native token earned its way into the list of top gainers after a 43% upside from its September lows.

When MakerDAO's [MKR] co-founder introduced the Endgame Plan for the protocol, community members were hopeful of a change in decision making and governance mechanisms. It has been more than a month now, and a new report by Crypto Risk Assessments pointed out the repercussions that this plan may present.

Quant (QNT/USD), Maker (MKR/USD), and Elrond (EGLD/USD) are some of the best cryptocurrencies that you can buy on October 4, 2022, and we are going to explore each token individually to see why.