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Ethereum World News 2022-07-05 11:57:38

In a First-of-Its-Kind Move, DeFi Protocol Maker Is Bringing a Traditional Bank Into Its Ecosystem

The MakerDAO community is voting on a proposal to add a 100 million DAI debt ceiling participation facility of Huntingdon Valley Bank (HVB) as a vault. So far, the majority have voted in favor of the addition. MakerDAO has also voted to invest $500 million in DAI into U.S. treasuries and corporate bonds. The MakerDAO community is voting on its first proposal that would bring a traditional bank into its ecosystem. The proposal has 78% in favor of the addition […]

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