MakerDAO proposes additional $750M in U.S Treasury Bond investments

MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, has proposed allocating an additional $750 million to invest in U.S Treasury bonds in order to capitalize on a favorable yield environment. The resolution, if passed, would add $750 million to the $500 million already approved in October 2022, bringing the total value to $1.25 billion.