MakerDAO has increased its U.S. Treasury bond holdings by 150%.
The DAO now holds $1.25B worth of U.S. bonds.
- 77% of the DAO owners voted in favor, while 22% voted against the decision.
- The bonds will be purchased with equal maturities, biweekly and over a six-month period.
- Under the strategy, MakerDAO said it expects to yield an annual return of 4.5% to 4.6%.
- According to MakerDAO, this decision will enable Maker to take advantage of the current yield environment and generate revenue.