Why have Treasury yields soared in MKR?

The gains “can be attributed to rising treasury yields, which have ticked up significantly since the last Fed meeting as they hinted at keeping rates higher for longer,” said Simon Peters, an analyst at investment platform eToro. There are signs the frenzied advance in MKR is nearing exhaustion.

Will makerdao double its investment in US Treasuries?

Please consult our website policy prior to making financial decisions. MakerDAO, a decentralized crypto lending protocol, plans to double its investments in short-term US Treasuries up to $6 billion. The move comes after the organization picked T-bonds as one of the assets backing its DAI stablecoin following the 2022 crypto winter.

Is MKR a good investment?

MKR, the governance coin of the MakerDAO protocol, has soared 77% this quarter to reach its highest level since April 2022. The coin gave up some gains on Friday, slipping 3.9% to $1,453 as of 12:22 p.m. in London. It’s the best performer this year among the largest cryptocurrencies tracked by Bloomberg, almost tripling in value.