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Maker: Several changes will be implemented tomorrow, including increasing the maximum debt limit of Spark D3M to 800 million DAI

According to BlockBeats news on November 20th, Maker announced on the X platform that following recent Maker Governance voting, the following changes will take effect on Tuesday, November 21st at 23:45. The most significant change is that the maximum debt ceiling for Spark D3M will be raised from 400 million DAI to 800 million DAI.

A giant whale sold 1,472MKR, gained 987ETH, and lost 178ETH

Lookonchain monitoring shows that in the past 2 hours, a whale sold 1,472 MKRs for 987 ETH (2.04 million US dollars) at a price of $1,385. In September, the whale spent 1,164 ETH (1.9 million US dollars) to buy 1,472 MKRs at a price of $1,293. However, due to the rise in ETH exceeding that of MKR, the whale still lost 178 ETH (367,000 US dollars).

Scroll launched a proposal on the MakerDAO governance forum, proposing to deploy SparkLend to the Scroll network

According to the governance page, the Scroll team has released a proposal on the MakerDAO governance forum, proposing to deploy SparkLend to the Scroll network.

MakerDAO has paid a total of $1.5 million in stamp duty to Switzerland on its RWA assets

MakerDAO has paid a total of $1.5 million in stamp duty for its RWA assets to Switzerland. The stamp duty for offshore entities in Switzerland is 15 basis points, resulting in $750,000 in stamp duty for MakerDAO's $500 million investment. When these assets are sold in the future, another $750,000 will be paid in stamp duty. (DL News)

MakerDAO has paid $1.5 million in stamp duty to purchase U.S. Treasury bonds

According to DL News on November 8, MakerDAO recently paid approximately $1.5 million in stamp duty to the Swiss government due to trading US bonds in Switzerland. DeFi asset advisor Monetalis Clydesdale invested $500 million in US ETF on behalf of MakerDAO through Swiss encrypted bank Sygnum in October 2022. According to Swiss regulations for offshore entities, the transaction requires a stamp duty of 0.15%. MakerDAO needs to pay stamp duty once for buying and selling, so it paid approximately $1.5 million in total. As the cryptocurrency lending market shrinks, MakerDAO has expanded its physical asset portfolio to around $3.9 billion, mainly in US government bonds. In the future, it plans to further expand into private credit and loan securitization products.

New executive voting goes live on Maker governance portal

Maker announced on X platform that a new executive voting feature is now available on the Maker governance portal. MKR holders and representatives can use their voting rights to deploy the following changes: DAO solution for HV Bank (RWA009-A) Vault; MKR ownership transfer for Immunefi Security Core Unit; adding GUSD and USDP Jar as well as SwapInputConduit contract to Chainlog; and payment of Spark protocol-Aave revenue sharing.
New executive voting goes live on Maker governance portal

MakerDAO transfers $250 million from Coinbase to maintain DAI peg

According to reports, MakerDAO transferred $250 million from Coinbase to the anchored stable module (PSM) of DAI to maintain anchoring, as the USDC reserve in DAI (which needs to exceed $200 million to be considered safe) approached nearly $60 million on Tuesday morning local time. PSM is a collateral pool that allows users to mint DAI by exchanging USDC at a 1:1 ratio and arbitrage back to the US dollar anchor. If the PSM reserve is depleted, the price of DAI may be higher or lower than $1. Before the Coinbase Custody transfer arrived, over $100 million left the PSM from Sunday to Tuesday. A source said that large PSM transfers seemed to flow to centralized exchanges. On the Maker forum, Allan Pedersen, CEO of DeFi lending company Monetalis, wrote that the team is working to automate PSM using smart contracts, "but for now, instruction-based automation using trustees, administrators, legal structures, and banks/centralized exchanges is secure and stable." 

MakerDAO transfers $250 million from Coinbase to secure DAI peg

MakerDAO transferred $250 million from Coinbase to the DAI Peg Stabilization Module (PSM) to maintain the peg after the USDC reserve in DAI (which needs to exceed at least $200 million to be considered safe) approached dropping below $60 million earlier today. PSM is a collateral pool that allows users to mint DAI by exchanging USDC at a 1:1 ratio and arbitrage DAI back to being pegged to the dollar. If the PSM reserve is depleted, the price of DAI may be higher or lower than $1.

MakerDAO Purchased Another US$50 Million in RWA Assets. The Current Total Assets of RWA Are Approximately US$3.377 Billion.

According to Makerburn data, MakerDAO has once again added $50 million in RWA assets through BlockTower Andromeda today, and the current total RWA assets of the protocol are approximately $3.377 billion.

MakerDAO Purchased Another $50 Million in RWA Assets, and Its Total RWA Assets Exceeded $3.3 Billion

MakerDAO increased its RWA assets by another $50 million through BlockTower Andromeda on October 21, as shown by makerburn.com data. Currently, the protocol's total RWA assets are approximately $3.327 billion.