Ethereum

Aave

Defi

Billion

The recent increase in the DSR (Dai Savings Rate) to 8%—though anticipated to decrease to 5%—has attracted huge inflow into the DAI Saving module in <a target="_blank" href="https://tokeninsight.com/en/coins/makerdao/overview" rel="noopener noreferrer nofollow">MakerDAO</a>. sDAI, the DAI accruing saving rate, has increased by $1.04 billion in a week. Other Defi protocols are also working on proposals to integrate with sDAI. 
<img src="https://s2.tokeninsight.com/static/calendar/img20230814114319625380c1-3740-4f55-b094-ce0f8eb26e7f.jpg"> 
<a target="_blank" href="https://tokeninsight.com/en/coins/aave/overview" rel="noopener noreferrer nofollow">Aave</a> community has initiate a proposal seeks to onboard sDAI as a collateral-only asset into the Aave V3 Ethereum pool. By integrating liquid DSR deposit tokens (sDAI) as a collateral-only asset in the Aave V3 Ethereum pool, Aave can offer users the dual benefit of earning DSR yield while utilizing their assets as collateral. In the context of GHO, this integration would create a yield-generating stablecoin with a higher yield than the GHO borrow cost. 
Related: <a target="_blank" href="https://tokeninsight.com/en/news/founder-of-makerdao-proposes-to-lower-dai-savings-rate-to-5-and-expand-utilization-range" rel="noopener noreferrer nofollow">Founder of MakerDAO Proposes to Lower $DAI Savings Rate to 5% and Expand Utilization Range</a> 
<img src="https://s2.tokeninsight.com/static/calendar/img2023081411455839d2a62b-4b7c-4f61-a089-f2dda0f6a787.jpg"> 
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$DAI in DSR Reached $1.3 Billion, Up $1 Billion in a Week

TokenInsight

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