MakerDAO will increase DAI yield in bid to spice up demand

A proposal looking for to briefly enhance the rate of interest granted to holders of stablecoin Dai (DAI) was permitted by the MakerDAO group on July 27, elevating yields for tokenholders to as excessive as 8%.

The proposal launched the Enhanced Dai Financial savings Fee (EDSR), a mechanism that briefly will increase the efficient Dai Financial savings Fee (DSR) obtainable to customers. The improved mechanism can be decided by the DSR utilization and can be lowered over time because the DSR utilization goes up.

Proceed Studying on Coin Telegraph