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 <h2 id="traditional-assets-fuels-mkr-price">Traditional Assets Fuels MKR Price</h2> 
 <p><a rel="noopener noreferrer nofollow" title="MKR" href="https://thebittimes.com/tag/mkr.html">MKR</a>’s remarkable success in a volatile market might be attributed to <a rel="noopener noreferrer nofollow" title="MakerDAO" href="https://thebittimes.com/tag/makerdao.html">MakerDAO</a>’s deliberate choice to diversify its investment holdings. <a rel="noopener noreferrer nofollow" title="MKR" href="https://thebittimes.com/tag/mkr.html">MKR</a>’s value has more than doubled since mid-June, increasing along with the lender’s preference for conventional assets.</p> 
 <p>According to Dune Analytics’ dashboard, <a rel="noopener noreferrer nofollow" title="MakerDAO" href="https://thebittimes.com/tag/makerdao.html">MakerDAO</a> currently has a sizable $2.5 billion in traditional assets or just over half of its overall holdings. Given that it doesn’t charge interest on its dollar-pegged stablecoin DAI and that 10-year Treasury yields are now hovering around 4%, <a rel="noopener noreferrer nofollow" title="MakerDAO" href="https://thebittimes.com/tag/makerdao.html">MakerDAO</a> is benefiting from an expanding net interest margin.</p> 
 <p>This surplus, according to Messari research analyst Kunal Goel, has made it possible to purchase back <a rel="noopener noreferrer nofollow" title="MKR" href="https://thebittimes.com/tag/mkr.html">MKR</a> tokens worth about $7.5 million per month. In his quote, he emphasizes that “<a rel="noopener noreferrer nofollow" title="MakerDAO" href="https://thebittimes.com/tag/makerdao.html">MakerDAO</a> pays no interest on most of the DAI supply, but its portfolio of real-world assets and productive crypto loans are generating yields of around 4%.”</p>  
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 <p>Also Read: Curve Finance Hackers Exploit Vyper Vulnerabilities, Could State-Sponsored Hackers Be Involved?</p> 
 <h2 id="will-mkr-continue-bullish-momentum">Will MKR Continue Bullish Momentum?</h2> 
 <p>Investors keep a careful eye on Maker’s governance decisions as it continues to develop the DAI ecosystem, as well as how the market reacts to the improved interest rate mechanism. The success of the Enhanced Dai Savings Rate (EDSR) proposal could spur additional DAI price and adoption and increase the market’s overall liquidity. If the bullish sentiments continue, the <a rel="noopener noreferrer nofollow" title="MKR" href="https://thebittimes.com/tag/mkr.html">MKR</a> token could break the $1,300 point.</p> 
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MakerDAO's Bold Move Into Traditional Assets Fuels MKR Token Surge

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TheBitTimes

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