MakerDAO stands at the mercy of bears as MKR slips below $1,000 in the last five days

On 18 July, MakerDAO's native token, MKR, rode the ongoing bull wave to mark its spot at a high of $1,043. However, this was followed by a retracement that sent the price of the token chasing new lows.

Timeline of Maker

Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance vote that provides “collateral integration from a U.S.-based bank.” The Makerdao governance vote passed by a majority vote of more than 87%, and it allows the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault.

A Delaware-based trust company called MakerDAO Bank Participation Trust will co-manage the bank's loan assets on behalf of MakerDAO.  The post MakerDAO approves $100 million stablecoin loan vault for 151-year-old US bank appeared first on The Block.

MakerDAO is voting on collaborating with traditional banks and could extend its arm into the traditional finance space if the proposal passes this week so let's have a closer look at our latest cryptocurrency news.

The MakerDAO community is currently voting on its first proposal, which would integrate a traditional bank into its ecosystem. The Protocol will form a DAI debt ceiling trust with 100 million DAI in Delaware.

As the bear market trend is getting more intense, many protocols and other crypto-related firms are making moves for survival. On its part, MakerDAO plans on a minimal risk investment strategy to raise revenue.

MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, is voting on how to allocate $500 million in treasury funds. The proposal is aimed at helping the organization navigate the ongoing bear market through investments in United States treasuries and bonds.

The decentralized autonomous organization behind the Dai stablecoin, MakerDAO, is currently voting on how to allocate $500 million in treasury funds. The post MakerDAO Voting to Allocate $500 Million Treasury Funds appeared first on BeInCrypto.

MakerDAO will invest $500M into minimal risk bonds and aims to generate yield with the DAI stablecoin via other traditional investments so let's read more today in our latest cryptocurrency news. MakerDAO is voting on a proposal aimed at helping weather the bear market and to utilize the untapped reserves by investing 500 million DAI

It has been revealed that the MakerDAO community is considering investing about 500 million dollars in US Treasuries in order to obtain a low-risk yield from stablecoin on the balance sheet. The Maker Governance votes to determine how to allocate 500 million DAI between different investment strategies.

It has been a while since Maker [MKR] experienced any significant upside given the bearish nature of the market, especially in the last two months. However, the MKR bulls have finally made an appearance, resulting in a healthy relief rally in the last seven days.