Define a “Treasury Bill” Equivalent in the DeFi Space and Its Role in a DAO’s Treasury Diversification

The closest equivalent to a traditional Treasury Bill (a short-term, low-risk government debt) in DeFi is a stablecoin-based, low-volatility yield product, such as staking stablecoins in audited, established lending protocols like MakerDAO or Aave. Their role in DAO diversification is to provide a safe, capital-preserving base layer for the treasury, generating modest yield while minimizing exposure to the high volatility of native governance tokens.