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.
Related Content
- What Is Cryptocurrency and Why Should I Care?
- Breaking victim ‘trust’ in scammer is key to beat crypto scams, exchanges say
- Crypto lender Geist Finance shuts down permanently over Multichain hack
- Abu Dhabi pioneers DLT regulation for DAOs, Web3 innovations
- 6 Questions for Adelle Nazarian on crypto, journalism and the future of Bitcoin