makerdao announced on wednesday a significant addition of 700 million in us treasury bonds to its holdings which took its total bond holdings to 12 billion a move aimed at backing dai with realworld assets makerdao is a defi lending protocol and the company behind the dai daiusd stablecoin this development followed the makerdao communitys approval to raise the debt ceiling and it was facilitated through monetalis clydesdale vault the first round of bond purchases occurred in 2022 when the community sanctioned a 500 million debt ceiling specifically for us treasury bonds a subsequent approval in march 2023 enabled an increase of 750 million raising the total debt ceiling to 125 billion monetalis group ceo allan pedersen commended makerdao’s proactive approach saying makerdao holds a prominent position in the defi landscape and has accumulated substantial funds in its peg stability module which is crucial for dai’s stability also read bitcoin ether doge skyrocket should you be buying at current 30k levels the acquisition of us treasury bonds is a strategic diversification of its collateral pool and according to pedersen “maker is taking advantage of the current yield environment and putting its assets to work” amidst the current market conditions the clydesdale vault has managed to secure yields ranging between 4 and 5 by pursuing a diversified portfolio approach maker enhances the robustness of its platform and stablecoin while also generating new means of revenue to continue to attract participants to maker and the wider defi ecosystem he said makerdao recently approved an executive vote to hike its dai savings rate dsr from 1 to 349 this increment presents appealing yield prospects for dai holders read next singapore fintech dtcpay raises 165m in preseries a round aims to bridge traditional and digital currencies