MakerDAO increases DAI yield in a bid to boost demand

The proposal introduced the Enhanced Dai Savings Rate (EDSR), a system that temporarily increases the efficient Dai Savings Rate (DSR) offered to users. Source: MakerDAOMakerDAO raised its DSR to 3.49% in June, hoping to make DAI more competitive. The effort, however, resulted in less than 7% of the overall DAI supply deposited in the DSR.

The proposal presented the Enhanced Dai Savings Rate (EDSR), a mechanism that briefly increases the effective Dai Savings Rate (DSR) available to users. Source: MakerDAOMakerDAO raised its DSR to 3.49% in June, hoping to make DAI more competitive. The effort, however, resulted in less than 7% of the overall DAI supply deposited in the DSR.