Maker

<ul><li>EDSR&#39;s dynamic adjustment promotes market stability and prevents rate manipulation.</li><li>Community-driven governance strengthens MakerDAO&#39;s decentralized decision-making process.</li><li>Enhanced Dai savings rate bolsters Dai&#39;s competitiveness in the DeFi space.</li></ul>MakerDAO, a decentralized autonomous organization behind the stablecoin Dai, has <a href="https://forum.makerdao.com/t/request-for-gov12-1-2-edit-to-the-stability-scope-to-quickly-implement-enhanced-dsr/21405" rel="noopener noreferrer nofollow">recently </a>taken a major step to foster early bootstrapping and growth within its ecosystem. The MakerDAO community voted through GOV12.1.2, approving the Enhanced Dai Savings Rate (EDSR) introduction. This new mechanism aims to temporarily increase the effective Dai Savings Rate (DSR) available to users during the early bootstrapping stage when DSR utilization is low. As DSR utilization increases, the rate would gradually rise and decrease, ultimately reaching a maximum value of 8%.The existing Dai Savings Rate set at 3.49%, has been crucial in incentivizing users to lock up their Dai and earn interest. However, the MakerDAO community identified the need to implement the EDSR to accelerate Dai adoption further and promote a sustainable growth trajectory.Colin Wu, a Chinese crypto reporter, shared insights on MakerDAO&#39;s EDSRRead full article at <a href="https://cryptotale.org/makerdao-introduces-enhanced-dai-savings-rate-to-foster-early-bootstrapping-and-growth/" rel="noopener noreferrer nofollow">CryptoTale.</a>

MakerDAO Introduces Enhanced Dai Savings Rate to Foster Early Bootstrapping and Growth

CryptoTale

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