# Composable Recap 4

**Published by:** [opensky](https://paragraph.com/@opensky/)
**Published on:** 2023-09-19
**URL:** https://paragraph.com/@opensky/composable-recap-4

## Content

Maker’s RWA development keeps leading. Another week where RWA developments made most of the headlines in MakerDAO. Khan published an insightful forum post about Centrifuge’s new technology to bring RWA reporting on-chain. Some similarities with Chainlink’s proof of reserves can be found, as both use oracle technology to report about underlying asset prices. Centrifuge has been at the forefront of RWA development and is also partnering with BlockTower for project Andromeda, which is responsible for holdings of more than $1bn in US Treasuries for the DAO. Their new technology should enable MakerDAO governance and Arrangers to see important information at a glance but also maintain confidentiality requirements.A screenshot from proof of portfolioIn other news the peer to peer lending optimizer Morpho has posted about opportunities to use sDAI on their Aave optimizer. Morpho allows for greater rewards by optimizing asset utilization. https://forum.makerdao.com/t/collateral-opportunity-for-sdai-on-morpho-aave-v3/22121 The reason we’re talking about this here, is that this proposal shows two things:DeFi is permissionless. Protocol building upon others without need to go to the CEO or other key gatekeepers.DeFi is composable. The building blocks can be stacked as high as the moon if profitable, and manageable.Maker remains of utmost importance to the DeFi ecosystem. DAI is and will likely remain the number one decentralized stablecoin. The eDSR continues to make the currency at least as attractive to hold as USDC (5% rewards on Coinbase).The governance season is nearing it’s close and AVCs are working overtime to get their position documents in shape. Tune in to a meeting of your choice, or, if you hold MKR, delegate to an AD or join an AVC of your choice! We recommend the Composable AVC and Penguin Soldier as an AD.DAI Supply update: The supply has topped the high of August, 2023 recently and is currently plateauing. The next weeks will show if the upwards trend can be resumed or not. The stablecoin collateral ratio, however is consistently dropping, with the dynamics picking up a bit of steam. Another great week for MakerDAO.DAI supply on it's way to new highsCover Photo: Pexels / Shyva Smith. Free to use.

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