Maker

MakerDAO is thinking about a plan to increase the interest rate for holding Dai, known as the Dai savings rate (DSR). In the previous adjustment, the DSR was raised to 1%, which resulted in more than 35 million DAI being deposited within a month. Now, there is a new proposal under consideration to further increase the DAI savings rate from its current level to 3.33%. If approved, this change would offer Dai holders a higher interest rate for keeping their funds in the system.<blockquote>MakerDAO, a decentralized finance (DeFi) protocol that creates the DAI <a href="https://cryptosheadlines.com/circle-introduces-euro-based-stablecoin-on-avalanche-blockchain/" rel="noopener noreferrer nofollow">stablecoin</a>, is suggesting raising the interest rate for holding DAI, known as the Dai savings rate (DSR), to 3.33%.</blockquote>This proposal comes after a previous vote to increase the DSR from 0.6% to 1%, which resulted in over $35 million worth of DAI being deposited in just one month. The recent proposal was made by Block Analitica, a DeFi platform, and now needs to go through an Executive Vote by MKR holders for final approval.Read Full Article Here: <a href="https://cryptosheadlines.com/makerdao-proposal-seeks-to-establish-dai-savings-rate-of-3-33/" rel="noopener noreferrer nofollow"> https://cryptosheadlines.com/makerdao-proposal-seeks-to-establish-dai-savings-rate-of-3-33/</a>

MakerDAO Proposal Seeks to Establish DAI Savings Rate of 3.33%

CryptosHeadlines.com

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