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MakerDAO Increases US Treasury Bond Holdings by 150%
MakerDAO passed a proposal to increase its US Treasury bond holdings by 150% to $1.25 billion. The move aims to diversify its liquid assets and boost revenue stream through a net annualized yield of 4.6% to 4.5%. The bonds will be purchased with equal maturities over a six-month period.
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Compound Treasury Launches Borrowing for Institutions
Institutions will now be able to borrow loans from Compound Treasury using Bitcoin, Ether, and supported ERC20 tokens as collateral.