The proposal to increase MakerDAO's investment limit in U.S. Treasury bonds to $1.25 billion has been approved

ChainCatcher news, the proposal to raise the investment cap for U.S. Treasury bonds from $500 million to $1.25 billion has been approved by MakerDAO. The proposal received 77% of the votes in support, and MakerDAO will use $750 million of USDC in the PSM to purchase more U.S. Treasury bonds, thereby diversifying the liquid assets backing DAI. Specifically, $750 million will be used to purchase U.S. Treasury bonds maturing within six months, with a similar amount maturing every two weeks. (source link)