News/MakerDAO to Vote Raising Dai Saving Rate to 3.33%

MakerDAO to Vote Raising Dai Saving Rate to 3.33%

May 29,2023,10:01

MakerDAO’s community is set to vote on a proposal to raise the Dai Savings Rate (DSR) from 1% to 3.33%, which is expected to have wider implications for rates across the DeFi market.

The DSR allows users to deposit $DAI and receive a consistent interest rate, with the interest accrued in real-time from the system’s revenues. Block Analitica, a DeFi-focused risk management firm, put forward the proposal, which also aims to adjust stability fees on certain collateral types.

Stablecoin suppliers at Aave and Compound earn around 2%-2.5% and a decent amount of capital should flow to DAI DSR to push supply rates to a range of 3.5%+,” according to Block Analitica founder Primoz Kordez.

 

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