The DeFi platform MakerDAO community has begun voting to invest 500 million non-treasury DAI in “low-risk bonds.”

Maker Governance votes to determine how 500 million DAI will be allocated between different investment strategies.

This allocation survey is the result of the migration of MIP65: Monetalis Clydesdale: Liquid Bond Strategy & Execution.

A summary of how it will work.

🧵

a/ pic.twitter.com/SdF9QT2OM6

— Maker (@MakerDAO) 27 June 2022

The initiative aims to mitigate the effects of the bear market. At the time of writing, MakerDAO has accumulated $4 billion in DAI on its balance sheet. Additionally, $500 million in the DAI/USDC pool can be used for these purposes.

Strategies considered include placing 100% on US government bonds or an 80:20 split between investable government bonds and corporate bonds.

The proposed options are characterized by low volatility with capital risk “well below 4%”.

“Investments […] It poses no significant risk to the DAI stabilizer or MakerDAO’s solvency.”says offer.

At the time of writing, 79.6% of the votes were cast for the second option, 7% for the first option, and 13.5% of MKR holders were against the investment of funds from the treasury.

Voting will end on June 30 at 16:00 UTC.

If approved, the protocol will expand beyond the cryptocurrency market and begin generating income from traditional financial investments through a stablecoin issuance.

The invested funds will be held in a trust established by Monetalis, a German private group specializing in financial planning.

Recall that in June MakerDAO suspended operations on the Aave landing platform.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.