Evaluate the current position of MakerDAO for long-term holders of MakerDAO

  • MakerDAO reported a profit of over $2.8 million with its real assets.
  • The revenue generated by the protocol has grown, along with the increased interest in the token maker.

MakerDAO [MKR], the protocol that has reigned supreme over the DeFi space as far as TVL is concerned, lost its place to Lido on January 3rd. However, the protocol remained unabated and continued to build and invest money to grow the DAO.


Read MakerDAO’s [MKR] Price forecast 2023-2024


According to the new data, MakerDAO posted a profit of more than $2.8 million from its recent investment.

Peek into the MakerDAO Vault

MIP65, also known as Monetalis Clydesdale, is a protocol storehouse that uses MakerDAO’s capital to invest in short-term bonds and ETFs. MakerDAO has distributed about $500 million USDC in various short-term notes through MIP65.

Valvet has mainly invested in two raw materials: IB01 and IBTA. IB01 is a 1-year US Treasury note tracker and IBTA is a 1-year US Treasury note tracker. At the time of writing, most of the treasury funds are deployed in IB01, which accounts for approximately 69.8% of the total treasury investment.

Source: Dune Analytics

Besides the investments in these bonds, MakerDAO has been noted for allocating its resources to other real assets as well.

For example, MakerDAO opened $100 million DAI loan for Huntington Valley Bank Also on board Covered bonds dominate the euro during the past month.

Source: Dune Analytics

These investments have proven fruitful, as revenue from the protocol has continued to increase over the past three months, based on data from Dune Analytics. Real assets contributed more to earnings. MakerDAO’s other major sources of revenue have been its investments in Ethereum and Stablecoins.

However, revenue generated through users on the protocol may decrease in the near future. This is because the number of unique users on the protocol decreased by 54.57%, according to data from Messari.


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Looking at the data

Despite the decrease in the number of unique users on the protocol, interest in the maker token has increased in the past week.

Based on Santiment data, it was observed that the volume of MKR increased from 14 million to 38.6 million in the past seven days. MKR price has been paralleling this growth as well. However, despite the increase in the price of the manufacturer, the MVRV ratio of the token remained negative.

This means that MKR token holders must wait for the price to rise further if they want to sell their holdings at a profit.

Source: feeling

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