MakerDAO голосует за участие в кредите на сумму $100 млн. в коммерческом банке Флориды
Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional finance.
As per MakerDAO’s governance forum, Cogent Bank — a Florida-based commercial bank — is proposing to participate with $100 million in loans to MakerDAO’s RWA Master Participation Trust.
Quote.
Maker Governance votes on 4 Governance Polls within the current monthly governance cycle.
What’s being voted on and what are the implications?
Recap, here. ↓ pic.twitter.com/YivsBJHpHv
— Maker (@MakerDAO) February 17, 2023
End of Quote.
The proposal is part of MakerDAO’s monthly governance cycle and seeks the same terms and conditions applied to Pennsylvania-based bank Huntingdon Valley Bank (HVB), which entered into a collateral integration with the crypto firm in July 2022, allowing the bank to borrow against its assets using DeFi.
Under the same conditions, MakerDAO would use its trust arm to link the capital available at Cogent Bank with MakerDAO’s Dai (DAI) stablecoin. The trust entity would be responsible for ensuring DAI minting and destruction from the vault, as well as managing the partnership with the bank.
Cash flow diagram, Maker Vault/Cogent Bank. Source: MakerDAO’s forum
The DeFi protocol would gain exposure to the credit market in at least eight categories, including commercial real estate, industrial, life insurance, consumer and public finance, with loans issued mostly on a fixed-rate basis.
Among the revenue sources for MakerDAO are fees associated with maintaining the vault, minting DAI, and yields. The benchmark 30-day average secured overnight financing rate stood at 4.15% as of Jan. 5.
Before its acquisition in 2018, Cogent Bank was known as Pinnacle Bank. Активы банка во Флориде составляют $1,3 млрд под управлением и застрахованы Федеральной корпорацией страхования депозитов. По данным компании, объем кредитов, выданных в первых трех кварталах 2022 года, составил $602 млн, а в 2021 году — $873 млн.
В стремлении пережить криптозиму 2022 года MakerDAO раскрыла процесс управления для своего первого сотрудничества с традиционным банком, Huntingdon Valley Bank. В то время протокол DeFi объявил о планах по подключению других банков в зависимости от результатов интеграции с HVB.
В то же время, MakerDAO объявила о том, что она будет работать с другими банками.