MakerDAO repurchase has resumed, with the current treasury balance at 55.8 million USD

ChainCatcher news, according to Makerburn data, MakerDAO recently profited over $7.45 million by selling $125 million in RWA assets Monetalis Clydesdale. The current treasury has a remaining balance of $55.8 million, with over $50 million (specifically $5.8 million) allocated for the repurchase of MKR and to be added to Uniswap V2 as LP with DAI. MakerDAO initiated the repurchase two days ago.

It is reported that Monetalis Clydesdale, also known as MIP65, was proposed by Monetalis founder Allan Pedersen in January 2022, passed and executed in October 2022. The goal was to invest a portion of the stablecoins held by MakerDAO into highly liquid, low-risk bond ETFs, with an initial debt ceiling of $500 million, which was later raised to $1.25 billion in May 2023 through subsequent proposals.