{"id":164191,"date":"2023-09-28T06:53:25","date_gmt":"2023-09-28T01:23:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=164191"},"modified":"2023-09-28T06:53:25","modified_gmt":"2023-09-28T01:23:25","slug":"what-makerdaos-new-proposals-mean-for-mkr-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/what-makerdaos-new-proposals-mean-for-mkr-crypto-news\/","title":{"rendered":"What MakerDAO&#8217;s new proposals mean for MKR &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 28, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<p>\t\t\t\t\t\t<br style=\"clear: both;float: none\" \/><\/p>\n<ul>\n<li><em>MakerDAO governance remained active amid a slow market.<\/em><\/li>\n<li><em>A governance poll could double Maker\u2019s T-bill allocation, leading to increased revenue and buyback.<\/em><\/li>\n<\/ul>\n<p>Despite the bear market affecting many cryptocurrencies and protocols, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/MakerDAO\" data-wpel-link=\"internal\">MakerDAO[MKR]<\/a> remained resilient, pushing forward with proposals to enhance the protocol.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check out the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/maker-profit-calculator\" data-wpel-link=\"internal\">MKR Profit Calculator<\/a><\/p>\n<hr \/>\n<h4>More polls, more goals<\/h4>\n<p>Recently, a poll on Maker\u2019s governance board aimed to reactivate the Debt Ceiling Instant Access Module, allowing users to adjust debt ceilings for real-world asset vaults within specific limits.<\/p>\n<p>The proposed changes include a maximum debt ceiling of 3 billion DAI, a target available debt of 50 million DAI, and a cooldown period for ceiling increases set at 24 hours.<\/p>\n<p>If the proposal is approved, MakerDAO would allocate a significantly larger portion of its assets to Treasury Bills (T-bills), which are low-risk, short-term government bonds. Doubling the allocation means that MakerDAO would invest a much larger amount of its funds into these T-bills than it currently does.<\/p>\n<div id=\"attachment_346848\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-27-at-2.43.57-PM.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-346848\" class=\"wp-image-346848 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"1790\" height=\"420\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-27-at-2.43.57-PM.png 1790w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-27-at-2.43.57-PM-300x70.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-27-at-2.43.57-PM-1024x240.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-27-at-2.43.57-PM-768x180.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-27-at-2.43.57-PM-1536x360.png 1536w\" data-lazy-sizes=\"(max-width: 1790px) 100vw, 1790px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-27-at-2.43.57-PM.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-346848\" class=\"wp-image-346848 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-27-at-2.43.57-PM.png\" alt=\"\" width=\"1790\" height=\"420\" \/><\/a><\/p>\n<p id=\"caption-attachment-346848\" class=\"wp-caption-text\">Source: MakerDAO<\/p>\n<\/div>\n<p>By allocating more funds to T-bills, MakerDAO could earn more interest income. T-bills typically pay interest to their holders, and by investing more in them, MakerDAO would generate additional revenue from these interest payments.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Maker Governance Proposal To Double T-Bill Allocation<\/p>\n<p>A poll has been posted to Maker\u2019s governance board that seeks to reactivate the Debt ceiling instant access module which used to allow users to adjust the debt ceiling of their real world asset vaults within constraints.<\/p>\n<p>The\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/2Pq1YjECxO\" data-wpel-link=\"external\">pic.twitter.com\/2Pq1YjECxO<\/a><\/p>\n<p>\u2014 ASXN (@asxn_r) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/asxn_r\/status\/1706759153597731100?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">September 26, 2023<\/a><\/p>\n<\/blockquote>\n<p>Apart from MakerDAO, the tokenized public security market in general has also been active. It has a current value of $343 million and 6% month-over-month growth according to Seb Ventures\u2019 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/SebVentures\/status\/1706612284431167613?s=20\" data-wpel-link=\"external\">data<\/a>.<\/p>\n<p>The launch of three permissionless tokens in this space (OSDY, USDM, stEUR) in September suggested the increasing popularity of tokenized securities.<\/p>\n<h4>State of MakerDAO and MKR<\/h4>\n<p>Despite the growing number of proposals on the MakerDAO governance, there was a decline in revenue observed on the protocol.<\/p>\n<p>According to token terminal\u2019s data, a 37.8% drop was recorded in protocol-generated revenue over the last month. This could be due to various factors, including market conditions and changes in user behavior.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Realistic or not, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">here\u2019s MKR\u2019s market cap in BTC terms<\/a><\/p>\n<hr \/>\n<p>The price of MKR, MakerDAO\u2019s native token, in contrast saw substantial growth, reaching $1407 at the time of writing. This surge in price indicated investor confidence and interest in the protocol\u2019s developments.<\/p>\n<p>While the number of MKR holders remained relatively stable during this period, there was a notable increase in velocity. This suggested that existing holders might have become more active in trading or utilizing MKR within the MakerDAO ecosystem.<\/p>\n<div id=\"attachment_346847\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-346847\" class=\"wp-image-346847 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-346847\" class=\"wp-image-346847 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Maker-MKR-14.48.37-27-Sep-2023.png\" alt=\"\" width=\"2560\" height=\"867\" \/><\/a><\/p>\n<p id=\"caption-attachment-346847\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: September 28, 2023 MakerDAO governance remained active amid a slow market. A governance poll could double Maker\u2019s T-bill allocation, leading to increased revenue and buyback. Despite the bear market affecting many cryptocurrencies and protocols, MakerDAO[MKR] remained resilient, pushing forward with proposals to enhance the protocol. Is your portfolio green? Check out the MKR [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":164192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-164191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=164191"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164191\/revisions"}],"predecessor-version":[{"id":164198,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164191\/revisions\/164198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/164192"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=164191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=164191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=164191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}