MakerDAO Has Brought Traditional Finance Assets Into Its Portfolio

After incorporating traditional banking into the portfolio, MakerDAO currently derives half of its revenue from real-world assets.

As of Friday morning, MakerDAO accounted for about 15% of the $56 billion in assets in DeFi, permissionless financial solutions available on blockchain networks.

MakerDAO now predicts $20.2 million in yearly revenue, according to Sebastien Derivaux, the DAO’s asset-liability head, and that doesn’t include real-world asset revenue, which takes longer to be reflected in blockchain data.

Meanwhile, MakerDAO protocol engineer Sam MacPherson has expressed his dissatisfaction on Twitter:

MakerDAO’s native stablecoin, DAI, is essential to how Maker manages to finance. Borrowers place collateral, such as Ethereum, into vaults and receive DAI in exchange. When the user repays their loan, that DAI is deleted.

Users who keep their DAI, on the other hand, get prizes at a pace determined by the Maker community.

“The general concept is to create a cycle in which we invest our assets in t-bills, earn a dividend, and distribute it to DAI holders. This will entice other DAI holders, and we will loop.”

That has not yet resulted in a proposal on Maker’s governance forum. And there is still a sizable segment of the population that is suspicious about investing in physical assets. DeFi’s unofficial central bank will begin after a majority vote on Monday in support of adopting eight Maker Improvement Proposals (MIP).

The portfolio was down marginally and valued at $99.7 million as of Friday morning. MakerDAO intends to invest $500 million in treasury and corporate bonds.

Last week, the DeFi project made its first major step toward achieving MakerDAO creator Rune Christensen’s “endgame” idea when the community agreed to divide into MetaDAOs to specialize in various elements of the DAO’s operations. Staking rewards also account for a large percentage of Maker’s earnings, accounting for 23%. 

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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