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WebsCrypto—News—MakerDAO Passed the MIP6 Proposal and Initiated a New Execution Proposal to Withdraw 25 Million Dai From the RWA-009 Vault
News

MakerDAO Passed the MIP6 Proposal and Initiated a New Execution Proposal to Withdraw 25 Million Dai From the RWA-009 Vault

By WebsCryptoAugust 26, 20221 Min Read
MakerDAO Passed the MIP6 Proposal and Initiated a New Execution Proposal to Withdraw 25 Million Dai From the RWA-009 Vault
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MakerDAO says it has issued over 89 million DAI via real-world assets (RWA). Maker Governance’s new proposal, MIP6, has been voted on to use Robinland’s (RBLD) tokenized real estate-backed loans as collateral in the Maker Protocol.

Robinland will issue RBL Token to package all potential tokenized real estate loan projects, RBL Token will be available as collateral to generate DAI.

Additionally, MakerDAO initiated a new execution proposal to withdraw 25 million DAI from the RWA-009 (HVBank) vault.

Because the core team of Collateral Engineering Service has calculated and found that due to the lack of liquidity in the DAI/USD market, in order to minimize the counterparty risk, the maximum amount of DAI that can be exchanged during the day’s risk settlement is 25 million DAI. If this implementation proposal does not pass within 30 days, it will become invalid.

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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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