An Overview of MakerDAO's RWA Portfolio

Author: steakhouse; translation: Golden Finance xiaozou

As of May, MakerDAO’s total real-world assets (RWA) portfolio value has reached 2.34 billion DAI. How was the portfolio allocated and what results did each bring? Let’s look at it in detail.

In May, RWA accounted for 79.7% of all Stability Fees brought in by the Maker protocol, up from 72.6% in April. MakerDAO’s RWA stability fee has accumulated to 17,275,121 DAI in the year so far (YTD), and the total RWA stability fee since its inception is 19,453,425 DAI.

Monetalis Clydesdale

Maker’s RWA balance increased significantly in May due to the deployment of additional DAI from the Monetalis Clydesdale vault.

In May, the Monetalis Clydesdale vault attracted another 560 million DAI. 33% of the vault’s assets are 0-1 year treasury bond ETF (IB01), 14% are 1-3 year treasury bond ETF (IBTA), and the remaining 53% are 0-6 month treasury bonds.

HVBank

Maker’s loan balance to U.S. bank HVBank remains at about $30 million.

BlockTower Credit

Looking at BlockTower Credit (RWA012 - RWA013), BlockTower absorbed another 6 million DAI in May and continued to increase the utilization rate of its second vault. BlockTower’s RWA012 vault currently has a debt ceiling of 80 million DAI.

New Silver

New Silver continued to perform steadily, with one protocol (single state exposure) losing around 6%. Vault balances are steadily declining.

6s Capital Partners

6s Capital Partners secured a new loan of $5.2 million, and a previous loan of $1.35 million has been repaid. The current loan balance is $12.7 million.

Fortunafi

Fortunafi’s debt position decreased by about 260,000 to about 5.8 million DAI.

Harbor Trade

Harbor Trade trades with 1.5 million DAI outstanding.

ConsolFreight

ConsolFreight’s outstanding loan balance was $1.4 million, down $0.4 million from the previous month.

Here’s an overview of MakerDAO’s RWA exposure over time: