MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds

The DAO intends to generate yield with its native DAI stablecoin via traditional investments in US treasuries and possibly even corporate bonds. MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai stablecoins into a combination of US treasuries and bonds.Following a straw poll in a governance 'Signal Request,' the decentralized autonomous organization (DAO) members now must decide whether the dormant DAI should go entirely into short-term treasuries or split 80% into treasuries and 20% into corporate bonds.The Maker Governance votes to determine how to allocate 500 million DAI between different investment strategies.This allocation poll is a result of the passage of MIP65: Monetalis Clydesdale: Liquid Bond Strategy & Execution.A recap on how it would work. 1/

MakerDAO's actions against Aave had these repercussions on the DeFi platform

The crypto market continues to take heavy blows across the bearish market.

MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure

In an effort to reduce exposure to Celsius, MakerDAO has disabled DAI loans using stETH as collateral through the Direct Deposit Module.

Maker cuts off Aave's DAI supply as fallout from Celsius continues

The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH. MakerDAO has voted to cut off lending platform Aave’s ability to generate DAI for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosystem.The decentralized autonomous organization (DAO) made the decision as a means of mitigating the Maker protocol’s exposure to the beleaguered staking and lending platform in case Celsius goes belly up and implodes the stETH peg as well.stETH is a token representing an amount of ETH that is staked on the Lido staking platform.

Maker founder proposes MetaDAOs and synthetic ETH in 'Endgame Plan'

Rune Christensen has envisioned the final form of Maker governance, and it includes MetaDAOs, new governance tokens, and a new version of Synthetic Ether. The co-founder of MakerDAO Rune Christensen has issued a new monumental proposal to push the project into its final form called The Endgame Plan. Across 3,000 words including 35 detailed infographics, Christensen explained that the current model of governance at Maker creates a deadlock which makes it difficult for the protocol to effectively process “complicated real world financial deals” and which compromises its competitiveness with financial institutions.Central to Christensen’s May 31 plan is the formation of MetaDAOs designed to tackle specific governance issues within the Maker ecosystem and alleviate congestion on the “slow and single threaded decision making process” that exists now.