Crypto News– Steakhouse, a financial advisory firm specializing in DAOs, along with Phoenix Labs, a research and development company, has made an appeal to the MakerDAO community, proposing an allocation of up to $100 million from the organization’s reserves for investments in tokenized U.S. Treasury Bill (T-Bill) products. Currently, this proposal is in the discussion phase.
MakerDAO community members are advocating for a potential 100 million Dollars allocation to research tokenized T-Bills
The proposal states, “We recommend that MakerDAO contemplate setting aside up to $100 million for the development and experimentation of tokenized T-Bill products.“
MakerDAO, known for issuing the DAI decentralized stablecoin, has previously channeled over a billion dollars into U.S. Treasuries through off-chain structures since 2022. This move was seen as a strategy to fortify its financial position by gaining exposure to low-risk, highly liquid traditional assets. The authors of the proposal underscored that investing in tokenized T-Bills could potentially offer MakerDAO several advantages, such as increased transparency, simplified accounting processes, and reduced complexity compared to dealing with off-chain T-Bill products. Additionally, these tokenized products may facilitate quicker redemption of stablecoins compared to traditional fiat options.
Nonetheless, Steakhouse and Phoenix Labs also cautioned that on-chain tokenized T-Bills might expose the protocol to “heightened counterparty risk.”
The proposal further emphasized that it is not intended to replace existing arrangements but rather to explore fresh avenues for growth and operational efficiency. Both teams encourage the community to provide comments, engage in discussions, or offer constructive feedback on the proposal.
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