Maker

The MakerDAO community is set to vote on a proposal that could potentially increase the savings rate of its Dai stablecoin to 3.33% as part of its Ethereum-based decentralized finance (DeFi) protocol. Should the move be successful, experts predict it would significantly impact interest rates throughout the DeFi market.The Maker team has <a href="https://twitter.com/MakerDAO/status/1662081579378937861" rel="noopener noreferrer nofollow">announced</a> an upcoming Executive Vote that would result in a new DSR rise, as per their tweet on May 26. The proposed rise is from 1% to 3.33%, subject to approval.In cryptocurrency, the Dai Savings Rate (DSR) is a fundamental component of the Maker Protocol system. This innovative feature allows users to deposit DAI and receive a reliable interest rate on their investments. According to Maker, the interest is accumulated in real-time from the system&#39;s revenues.Read full article at <a href="https://cryptotale.org/makerdao-proposes-3-33-increase-in-dai-savings-rate-making-makerdao-vital/" rel="noopener noreferrer nofollow">CryptoTale.</a>

MakerDAO Proposes 3.33% Increase in DAI Savings Rate, Making MakerDAO Vital

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