MakerDAO, a data encryption lending platform, has voted on a new proposal to include another commercial services bank in its ecosystem and enhance the link between decentralized finance (Defi) and traditional finance.

Cogent Bank, an industrial bank based in California, is recommending a $100m loan to MakerDAO's RWA Master Participation Trust, according to MakerDAO's governance community forum.

The proposal is part of MakerDAO's monthly governance cycle, looking for the same conditions that apply to the company's headquarters, Huntington Valley Bank (HVB) in Missouri. Huntington Valley Bank reached a collateral integration with the login password company in July 2022, allowing banks to use Defi as collateral for their property.

Under the same conditions, MakerDAO will use its private equity department to link Cogent Bank's liquidity to MakerDAO's DAI (DAI) stable investments. The entity line of the private equity fund will be responsible for ensuring the forging and destruction of Dai's vault and its management of the cooperative relationship with the bank.

The Defi agreement will be open to at least eight types of loan markets, including commercial real estate, industrial production, Chinese life insurance, users and public finance, mainly at fixed interest rates.

MakerDAO's fixed income includes expenses related to treasury maintenance, forging DAI and profits. As of January 5, the standard 30-day average loan-guaranteed overnight financing rate was 4.15%.

Before the company was acquired in 2018, Cogent Bank was called Pinnacle Bank. The Florida bank manages $1.3 billion in property and is commercially insured by the Federal Deposit Insurance Corporation. According to the company's data, loans were issued in the first three quarters of 2022 of $602 million, with a total of $873 million in 2021.

In order to survive the winter of the login password in 2022, MakerDAO announced its first cooperative governance steps with Huntington Valley Bank, a traditional bank. At that time, the DEFI agreement announced plans to add other banks based on the results of the integration with HVB.