The latest proposal from MakerDAO could have this impact on DAI

MakerDAO voted to implement the DSR that would see DAI holders get 1% of their investments DAI, currently the fourth largest stablecoin, witnessed a decline in volume over the last 24 hours MakerDAO, the governance division of Maker, the company that issues DAI, recently voted on the addition of interest rates in a proposal on 28

Timeline of Multi-collateral-dai, Maker

The dai (CRYPTO: DAI) savings rate (DSR), or the rate of interest the protocol pays to dai stakers, is up for voting in MakerDAO's governance forum. The MakerDAO Open Market Committee has proposed that the DAO members vote on whether to boost the current yield rate of 0.01% to one of four rates: 1%, 0.75%, 0.5%, and 0.25%.

MakerDAO's governance forum is voting to increase the dai savings rate (DSR), which is the rate of interest the protocol pays to dai stakers. The post MakerDAO is voting on increasing yield for the dai stablecoin appeared first on The Block.

MakerDAO governance community has agreed to remove renBTC, the Bitcoin token issued by Alameda Research's Ren Protocol, as a collateral asset for the decentralized stablecoin, Dai.

GnosisDAO's GNO token is now one step away from being an approved collateral for minting the DAI stablecoin on MakerDAO. The post MakerDAO delegates approve GnosisDAO token as DAI collateral appeared first on The Block.

Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral. The post MakerDAO passes vote to close Alameda-linked renBTC as stablecoin collateral appeared first on The Block.

MakerDAO has liquidated a few of its vaults to reduce risk and exposure to bad debt Whales continue to show interest in the token, despite its TVL declining After the FTX debacle, many in the crypto-community have put their faith in DEXs.

Decentralized technologies are getting prioritized as they enhance privacy as well as the security of the users. MakerDAO is one of the prominent projects that has concentrated on the promotion of decentralized exchanges and stablecoins. Maker had showcased a splendid price rally by surging by a huge margin, in the recent past.

MKR, the native token of the Maker Protocol, has recorded substantial gains despite the most recent market downturn. After news of FTX's liquidity crisis rocked the crypto market, several coins have struggled to bag daily gains to no avail.

MakerDAO's new developments may reduce risk for its users Its TVL witnesses a slight decrease, but MKR's price continues to appreciate MakerDAO‘s latest update might help its users reduce their exposure to more risk via increased liquidity.

MakerDAO managed to witness some significant improvements in its performance over the past 30 days. According to data from Messari, the deposit, withdrawal and borrow volume grew significantly over the past month.