The recently passed Makerdao proposal allows the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault.
debt ceiling participation facility proposed by the Huntingdon Valley Bank, as a new collateral type in the Maker Protocol,” the team added.published at the end of March 2022, Makerdao detailed how the scheme would work as it would allow Huntingdon Valley Bank to borrow DAI by using HVB’s participated loans as collateral.
Two charts shared by the Makerdao team on March 25, 2022, which explain how the partnership with Huntingdon Valley Bank works. Makerdao also disclosed that while HVB would be the first to enter the project’s “Master Purchase Agreement,” the project has the full “intention to incorporate more banks in the future.” The project’s stablecoinDuring the last seven days, Makerdao’s native crypto asset
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