Maker

Coin

<ul>
 <li>The Maker DAO community has voted to introduce the Enhanced Dai Savings Rate (EDSR).</li>
 <li>EDSR will increase the effective DSR available to users in the early bootstrapping stage when DSR utilization is low.</li>
 <li>Maker DAO’s community, Rune, submitted the EDSR proposal on July 19, 2023.</li>
</ul>
The <a href="https://coinedition.com/tag/dao-maker-dao/" target="_blank" rel="noopener noreferrer nofollow">Maker DAO</a> community has voted to introduce the Enhanced Dai Savings Rate (EDSR). The voting, which was performed through GOV12.1.2, will temporarily increase the effective DSR available to users in the early bootstrapping stage when DSR utilization is low.
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 The MakerDAO community has voted through GOV12.1.2, which will introduce the Enhanced Dai Savings Rate (EDSR), to temporarily increase the effective DSR available to users in the early bootstrapping stage when DSR utilization is low, and will increase the DSR utilization as the… <a href="https://t.co/88WQGUMKKi" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/88WQGUMKKi</a>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1685108199815512064?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 29, 2023</a>
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As posted on the Maker DAO forum, The EDSR is determined based on the DSR and the DSR utilization rate and decreases over time as the utilization increases. As utilization increases, it decreases and eventually disappears.
A member of the Maker DAO community identified as R…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/maker-dao-community-votes-to-implement-edsr-via-gov12-1-2/">Maker DAO Community Votes to Implement EDSR Via GOV12.1.2</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Maker DAO Community Votes to Implement EDSR Via GOV12.1.2

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