Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a majority vote of more than 87%, and it gives the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault.
In terms of defi dominance, Makerdao commands a touch more than 10% of the entire defi ecosystem’s $75.54 billion in locked value. Makerdao’s total value locked (TVL) today is $7.56 billion, down 4.38% over the last month.
What do you think about the Pennsylvania bank using Makerdao to access DAI? Do you envision crypto integrating with more real-world assets in the future? Let us know your thoughts about this subject in the comments section below.