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MakerDAO's Proposal to Increase DAI Savings Rate to 3.33%

www.cryptopolitan.com

In a move set to impact the decentralized finance (DeFi) ecosystem, MakerDAO, a leading Ethereum-based protocol, is gearing up for a crucial vote on a proposal to raise the savings rate for its stablecoin, DAI, to 3.33%.

Read in Full: www.cryptopolitan.com
Bitcoin MKR
$ 3604

Timeline of Multi-collateral-dai, Maker


Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes - Bitcoin

The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin's savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title “Stability Scope Parameter Changes #2.” Block Analitica Proposes Raising DSR to 3.


MakerDAO looks to increase DAI savings rate by 233% to 3.3% - CryptoSlate

Decentralized finance (DeFi) protocol MakerDAO increased its DAI savings rate (DSR) to 1% in December 2022. The move led to over 35 million DAI being deposited within a month, as per MakerDAO.


MakerDAO's DSR Proposal: Reshaping DeFi with 3.33% Rates - TheNewsCrypto

The MakerDAO community is preparing to vote on a proposal to raise the Dai Savings Rate (DSR) from 1% to 3.33%. DSR is the interest rate earned by individuals who lock their DAI into MakerDAO's DSR smart contracts.


The Potential Trajectory of Ethereum: Exploring the Recent Surge in Multi-Collateral DAI Repaid - Bitcoinworld

The value of Ethereum, mainly its wrapped variant wETH, has historically been influenced by Multi-Collateral DAI repaid. Recently, there has been a surge in this metric, indicating a potential trajectory for Ethereum.


Justin Sun Moves $4.3M of MakerDAO's Tokens to Binance: Blockchain Data - Coindesk

Tron founder Justin Sun's potential sale of MakerDAO's token – movements of tokens to an exchange often come before sales – coincide with the DeFi protocol's controversial restructuring.


MakerDAO Co-founder Proposes Anonymity For Delegates - Crypto Daily

MakerDAO, a pioneering DeFi protocol, has initiated a vote on a proposal that would allow its delegates to maintain anonymity and keep their whereabouts undisclosed. Co-founder Rune Christensen is leading the proposal, which, if approved, would make anonymity a mandatory requirement for eligible voters.


MakerDAO plans major changes, including banning VPN and US users - Crypto news

MakerDAO, a decentralized crypto lending and borrowing protocol, is making changes on its roadmap, including banning virtual private networks (VPN) and users from the United States


MakerDAO Massive Upgrade, A New Era For DeFi? - NewsBTC

MakerDAO, the decentralized finance (DeFi) project behind the popular stablecoin DAI, has announced a major update called “Endgame.” Endgame is designed to enhance efficiency, resilience, and participation by applying fine-tuned AI tools to open scalable processes.


MakerDAO plots AI governance “endgame” - CryptoSlate

MakerDAO announced on May 11 a governance model that will make use of artificial intelligence (AI) and feature crypto tokens with a new brand. Founder aims for “governance equilibrium” According to a forum post from MakerDAO founder Rune Christensen, AI tools will create a “governance equilibrium” that directs development.


Why Maker (MKR) price is dropping after MakerDAO launched Spark - Invezz

The price of Maker (MKR) has been on the decline even after MakerDAO launched the Spark protocol yesterday. At press time, MKR was trading at $671.41, down 5.41% over the last 24 hours.

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