**Did MakerDAO’s RWA Strategy Boost DAI Yields? Bond Investment Impact**  

MakerDAO’s Real-World Asset (RWA) pivot, notably U.S. Treasury investments (~$2.8B allocated), has elevated DAI’s yield potential:  

1. **Yield Uplift**:  
   - Treasury yields (4-5%) now contribute ~35% of Maker’s revenue, enabling higher DSR rates (currently 5%).  
2. **Stability**:  
   - RWAs diversify collateral beyond volatile crypto, reducing systemic risks.  
3. **Challenges**:  
   - Centralization concerns (off-chain asset custody) and regulatory uncertainty persist.  

While RWA-backed yields attract users, sustainability depends on Treasury rates and Maker’s ability to scale trust-minimized solutions. *(Word count: 140)*