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NewsMakerDAO Proposes RWA-009 as a New Collateral Type

MakerDAO Proposes RWA-009 as a New Collateral Type

Jul 05,2022,03:18
The Maker Governance votes to add RWA-009, a 100 million DAI debt ceiling participation facility proposed by the Huntingdon Valley Bank, as a new collateral type in the Maker Protocol. This Real World Asset (RWA) is held 50% by HVBank and 50% by the Trust, with an initial debt ceiling of $100 million DAI, a 12-month goal of $1 billion DAI, and a yield benchmark of 30-day average SOFR (currently 0.083%) and "Like-Term" U.S. Treasury (e.g. 5-year UST currently 2.310%).
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