MakerDAO voting on $100M loan participation with Florida commercial bank By Cointelegraph

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© Reuters.

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.

Cash flow diagram, Maker Vault/Cogent Bank. Source: MakerDAO’s forum