MakerDAO reopens repurchase, with the current treasury balance remaining $55.8 million.
2023-08-28 04:55
Odaily News: According to Makerburn data, MakerDAO has recently made a profit of over $7.45 million by selling $125 million of RWA assets, Monetalis Clydesdale. The treasury currently has a remaining balance of $55.8 million, and a portion exceeding $50 million ($5.8 million) will be used to buy back MKR and add it to the LP with DAI on Uniswap V2. MakerDAO initiated the buyback two days ago.
It is reported that Monetalis Clydesdale MIP65 was proposed by Allan Pedersen, the founder of Monetalis, in January 2022. It was approved and implemented in October 2022. The purpose of MIP65 is to invest a portion of MakerDAO's stablecoin holdings in high-liquidity, low-risk bond ETFs. The initial debt ceiling was set at $500 million and will be increased to $1.25 billion through subsequent proposals in May 2023.
It is reported that Monetalis Clydesdale MIP65 was proposed by Allan Pedersen, the founder of Monetalis, in January 2022. It was approved and implemented in October 2022. The purpose of MIP65 is to invest a portion of MakerDAO's stablecoin holdings in high-liquidity, low-risk bond ETFs. The initial debt ceiling was set at $500 million and will be increased to $1.25 billion through subsequent proposals in May 2023.
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