MakerDAO's MKR Token Has Seen Substantial Growth Amid Rate Hikes Thanks to T-Bill Holdings

Despite the recent rate hikes from the Fed, MakerDAO's native governance token, MKR, has experienced significant growth this week. This can likely be attributed to the protocol's onboarding of Treasury Bills and adjustments to its tokenomics, including converting stablecoin deposits to yield-generating traditional financial assets. The increase in MKR's exposure to Treasury Bills and the Fed's rate hike have resulted in higher yields on DAI and increased revenue for the protocol.