RWA assets stand as the leading breadwinner for MakerDAO.
Stablecoin issuer and decentralized finance protocol MakerDAO has added $100 million worth of Real-World Assets via BlockTower Andromeda over the last two days. These funds were predominantly allocated to short-term US Treasury bonds offering an attractive annual yield of 4.5%.
The main aim is to diversify the assets backing the $5.3 billion dollar-pegged stablecoin by ramping up the role of traditional financial assets such as government bonds in the reserve. The move has helped MakerDAO despite a slowdown in the broader DeFi ecosystem. The protocol’s annualized revenue, for one, is nearing $150 million, a substantial portion of which is derived from RWAs. In fact, data from DeFiLlama
For the uninitiated, RWAs offer a means for traditional asset managers to tokenize their portfolios. Asby Delphi Digital analyst Ashwath, their true value lies in their ability to leverage protocols like Maker for liquidity against these RWAs, thereby providing asset managers with an additional avenue to secure credit.
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