DeFi Giant MakerDAO Rejects $100M Stablecoin Loan to State-Chartered Regulated Bank Cogent Bank

Before the vote concluded, MakerDAO voter London Business School Blockchain, noted concerns that unlike “prior real-world asset deals, there is no way to quickly liquidate the loan portfolio should Maker wish to reduce its exposure to the underlying assets.” Still, London Business School Blockchain voted in favor of the proposal.