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The Aave community initiated a proposal vote to "invest part of the Aave treasury's stablecoins into RWA," planning to invest 1 million USDC in short-term U.S. Treasury bonds

Sep 19, 2024 06:52:35

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ChainCatcher message, the Aave community has initiated a proposal to "invest a portion of the Aave treasury's stablecoins into RWA." The proposal suggests collaborating with Centrifuge Prime to use stablecoins for low-risk RWA asset investments. This move aims to increase Aave's yields, establish a long-term RWA asset infrastructure, and expand familiarity with the RWA market.

According to the proposal, Aave will join Centrifuge Prime to establish the legal and technical infrastructure for the Aave finance department to invest in RWA. · Aave Treasury will invest assets into RWA, with an initial investment of 1 million USDC into short-term U.S. Treasury bonds, aiming to increase the investment amount to 20% of stablecoin holdings, and may choose to invest in other yields, subject to Aave governance approval.

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