MakerDAO Paves Way for Additional $1.28B U.S. Treasury Purchase

The community governing MakerDAO has approved the purchase of up to $1.28 billion in US government bonds via BlockTower Capital. The vote supports the opening of a new real-world asset vault funded by Maker's overcollateralized DAI stablecoin. This move is part of Maker's strategy to diversify the reserve assets backing DAI and generate revenue through yield strategies. It also highlights the growing demand for traditional financial instruments among crypto-native entities like DAOs.