News Explorer — MakerDAO Community to Vote on Savings Rate Hike

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May 27, 3:52 pm

Cointelegraph

MakerDAO Community to Vote on Savings Rate Hike

MakerDAO's community is soon to vote on a proposal to increase the Dai (DAI) stablecoin's savings rate (DSR) to 3.33%. If approved, this could have a wider impact on DeFi market rates. The DSR is funded by stability fees and is a key lever to balance supply and demand of DAI.

MakerDAO's community is soon to vote on a proposal to increase the Dai (DAI) stablecoin's savings rate (DSR) to 3.33%. If approved, this could have a wider impact on DeFi market rates. The DSR is funded by stability fees and is a key lever to balance supply and demand of DAI.

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