MakerDAO RWA Assets Now Reach $3.1 Billion After Platform Adds $101 Million To Back DAI

In keeping with the newest figures from Wu Blockchain’s MakerBurn stats web page, $101 million in MakerDAO RWA belongings have been added to the DAI escrow fund within the final 24 hours. This quantity of belongings was collected by way of Monetalis Clydesdale, BlockTower Andromeda and New Silver.

On the time of writing, MakerDAO’s RWA belongings stood at $3.1 billion, of which $1.28 billion is in Andromeda’s Vault. The transaction is the newest step in Maker’s technique to diversify the belongings backing the $5.3 billion stablecoin DAI by growing the position of conventional monetary belongings akin to authorities bonds within the reserve.

The development of shifting in the direction of conventional belongings is changing into more and more obvious, particularly in stablecoin tasks. Frax Finance additionally lately introduced a proposal to make use of sFRAX to learn from the massive sources of revenue from authorities bonds.

Stablecoins shift to conventional belongings

MakerDAO’s elevated concentrate on risk-weighted belongings is a optimistic signal for DAI’s stability. By backing DAI with a wide range of belongings, together with authorities bonds, MakerDAO makes DAI extra resilient to market fluctuations.

This development can also be more likely to have a optimistic influence on the general stablecoin market. As extra stablecoins shift to utilizing risk-weighted belongings as collateral, all the market will grow to be extra steady and dependable.

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