Since the collapse of the Terra ecosystem and UST, which affected the wider crypto industry, stablecoins and other collaterals are the controversial arguments between lawmakers and crypto entities.
According to the Monetalis adviser, MakerDao fund of $500M is a “scalable legacy finance investment, limiting exposure to any one asset and expanding revenue streams”. Signum – the world’s first digital asset bank – is the lead partner of this investment. In the first stage, Signum will work with BlackRock to allocate $250 million.
DAO – Decentralized Autonomous Organization – that operates based on the no-central authorization. In DAO, the voting mechanism is made by software and community rather any central entities or human managers. DeFi (Decentralized Finance) is the general term including lending, trading, and other financial activities that utilize blockchain networks in operation.
MakerDao’s investment is an instance of decentralized governance participation to make the stablecoins more stable. Dai – the MakerDAO stablecoin is backed by Ether as the means of payment.
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