“After review of various highly liquid money market options, we found that the simple solution of laddering U.S. Treasurys over a six-month period with biweekly maturities presents a strong, flexible and effective solution for Maker,” wrote Allan Pederson, CEO of decentralized finance (DeFi) asset manager Monetails, in a post. He noted the advantages to the strategy include the low cost, tax efficiency and inherent liquidity as the Treasurys mature on the ladder.
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- Source: https://www.coindesk.com/business/2023/03/07/stablecoin-issuer-makerdao-proposes-additional-750m-us-treasury-purchase/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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