MKR: Strong fundamentals combined with canary release to launch trust funds, may replicate the upward trend of SUI
远山洞见2024/08/14 06:26
By:远山洞见
MakerDAO is a decentralized lending platform that achieves over-collateralized loans by locking tokens such as ETH in smart contracts and minting stablecoins DAI pegged to the US dollar. The stability of DAI is achieved through a dynamic system of secured debt positions, autonomous feedback mechanisms, and incentives for external actors. Once generated, DAI can be freely sent to others for payment of goods and services, or held as long-term savings.
![](https://img.bitgetimg.com/multiLang/web/62ce79e7ad02ec3910c1f1df7194909b.jpg)
Project highlights:
1. Market users recognize it and the business scale is solid. The stablecoin DAI published by MakerDAO ranks among the top in market value, and the native DeFi protocol Spark is growing rapidly.
2. The team is improving and continuously innovating. The project team is actively working and recently launched the NewGov Token activation function, innovatively launched the new stablecoin PureDai, and plans to invest in tokenized US Treasury products.
3. The profit model is reliable and the income is considerable. It has various income sources such as loan interest, RWA national debt reserves, clearing, and PSM services. Defillama shows an annual income of $88.56M.
Recent news updates:
July 13: Publishers such as BlackRock BUIDL and Ondo are interested in participating in the MakerDAO tokenization plan for 1 billion US dollar bonds
MakerDAO said it plans to invest $1 billion of its reserves in tokenized US Treasury products. Top players in the space, including BlackRock's BUIDL, Superstate and Ondo Finance, have said they will actively participate in the plan.
MakerDAO's plan means that its reserve strategy will undergo significant adjustments. The protocol leads the trend of real-world assets (RWA) in cryptocurrency, partially supporting its decentralized stablecoins, which are supported by US government bonds and notes held off-chain by a series of partners.
July 17: MakerDAO launches NewGovToken activation feature
When the Spark sub-DAO is launched, NewGovToken holders will be able to activate their NewGovToken to receive SPK rewards. NewGovToken activators will receive 15% of all SPK token rewards.
The purpose of activating NewGovToken is to encourage long-term participation in governance - in the future, delegation can be carried out while activating NewGovToken.
August 13: Canary releases Grayscale MakerDAO Trust
The new closed-end fund, Grayscale MakerDAO Trust, will be open to qualified individual and institutional accredited investors.
Similar to the company's other single-asset trusts, this fund does not allow direct withdrawals, which may result in a deviation between the price of fund shares on the secondary market and the price of underlying assets.
III. Kols viewpoint
Metaquant, a well-known trader in the English region, stated on social media on July 13th that people do not need other Defi tokens except ENS/MKR/AAVE, and bluntly stated that MKR has just begun.
2. Datafi, a well-known chain analyst in Vietnam, said on August 14 that MKR is the DeFi token that has attracted the most cash flow from whales in the past 7 days.
3. Free Dao, a well-known trading group in the Chinese area, said on August 13 that Grayscale launched a crypto fund for MakerDAO's MKR, which is a great good news. As the leading RWA, it can be ambushed. A huge pump.
IV. Summary
As an important project in the industry, MakerDAO has a solid foundation, and its business scale and team innovation ability have been highly recognized by the market. With the active participation of institutions such as BlackRock, MakerDAO is preparing to invest 1 billion USD reserves in tokenized US Treasury bonds, marking a major adjustment to its reserve strategy and further consolidating its leading position in the real-world asset (RWA) field.
Recently, the MKR trust fund launched by Canary has further strengthened the market's confidence in MKR. KOLs are generally optimistic about the development prospects of MKR, believing that it has the potential to replicate the upward trend similar to SUI. At the same time, on-chain analysis believes that the token has attracted a large amount of whale funds. In summary, MKR may have a beautiful trend similar to SUI.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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