BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

MakerDAO Has Minted Over $90 million DAI Backed By Real-World Assets

by Abimbola Adu
Aug 26, 2022 - 12:00 am
in Blockchain
MakerDAO Has Minted Over $90 million DAI Backed By Real-World Assets

A total of $90 million DAI has been minted from 7 real-world asset Maker Vaults. MakerDAO has been pushing to reach a global scale. Via a recent model, investors and institutions are allowed to deposit assets onto their platforms. Against those deposits, these institutions and investors would be able to borrow a specific amount of DAI.

https://twitter.com/MakerDAO/status/1562483906238377984?s=20u0026amp;t=Wu3JYwOA1z2xf0LTXy6F9g

Seven platforms on the collateral lists have generated over $90 million; this includes HVBank, NS-DROP, RWAOO1-A, FFT1-DROP, HTC-DROP, CF-DROP, and Societe Generale. The largest, with a total of $50 million DAI, was issued to the Huntingdon Valley Bank.

Decentralized digital currency backed up by real-world assets is an interesting phenomenon. The partnership has permitted the integration of collateral into a decentralized ecosystem, bridging the gap between the virtual crypto world and the real world. It attracts people who are more accustomed to traditional finance to the world of cryptocurrency web technologies.

Such a partnership is a win-win arrangement. For example, the HVBank gets to aid the growth of investments and businesses as it set out to do when it reaches out to the decentralized organization, and the organization generates yield in return. This partnership has been termed a gigantic step for DeFi.

The seven platforms have received DAI loans to continue their business. In turn, they have provided real-world assets as collateral. MakerDAO will also receive interest when loans are repaid to the platforms.

For example, in the partnership between MakerDAO and HVBank, as reported on Twitter, 50% of the interest on loans repaid will be received by MakerDAO.

Aside from the seven platforms mentioned above, Maker looks forward to more real-world asset collateral. However, one problem with these partnerships is their dependence on a centralized entity. Security has been raised as a concern.

Tags: DAIMakerDAO
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

Malta Financial Services Authority building representing crypto regulation leadership

Malta Regulator Assures MiCA Licenses Safe After EU Peer Review

July 11, 2025

Malta’s MFSA says no MiCA licenses are at risk after an EU review, reinforcing the country’s strong stance...

Malta’s MFSA headquarters under scrutiny from ESMA for MiCA licensing issues

EU Regulator Flags Deficiencies in Malta’s RegulatorLicensing Process

July 10, 2025

Malta’s MFSA “partially met expectations” in its MiCA license process, according to an ESMA report urging tighter crypto...

Venn Network researchers work together to neutralize a $10M backdoor exploit in smart contracts linked to DeFi protocols.

Researchers Foil $10M DeFi Backdoor Attack, Suspected Link to Lazarus Group

July 10, 2025

Researchers foiled a $10M DeFi attack by neutralizing a backdoor exploit in smart contracts, potentially linked to the...

OKX and Circle announce zero-fee USDC to USD conversions, offering smoother crypto trading experiences for users globally.

Circle and OKX Launch Zero-Fee USDC Conversions to US Dolla

July 9, 2025

OKX and Circle partner to offer zero-fee USDC to USD conversions, enhancing liquidity and simplifying the process for...

Press Releases

png 115

BTC Miner: Earn $100-$100,000 Daily – The Fastest Growing Crypto Mining Platform of 2025!

June 25, 2025

BTC Miner, the fastest growing platform in 2025, opens a new era of inclusive cryptocurrency mining, allowing everyone to participate...

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise