Steakhouse and Phoenix Labs propose tokenized US Treasury bills for MakerDAO


This article has been republished with permission from Binance News.

According to Foresight News, financial advisory firm Steakhouse, which focuses on DAOs, has partnered with research and development company Phoenix Labs to encourage the MakerDAO community to consider allocating up to $100 million from its reserves to develop and test tokenized US Treasury bill (T-Bill) products. The proposal is currently in the discussion stage.

The proposal states that Steakhouse will provide legal and financial expertise, Phoenix Labs will offer technical capabilities, and BlockAnalitica will address the risks associated with lending protocols.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *