TechFlow News — A proposal to increase MakerDAO's U.S. Treasury investment cap from $500 million to $1.25 billion has been approved. The proposal received 77% voting support. MakerDAO will use $750 million of USDC in the PSM to purchase additional U.S. Treasuries, further diversifying the liquid assets backing DAI. Specifically, the $750 million will be used to buy U.S. Treasuries maturing within six months, with a similar amount of Treasuries maturing every two weeks.Source
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