DeFi giant MakerDAO's community is voting on increasing the annual reward for its DAI stablecoin up to 1%.

Community members are casting their ranked-choice vote through Dec. 1 to hike the so-called DAI Savings Rate to 1%, 0.75%, 0.5%, 0.25% or leave it unchanged from its current 0.01% rate. MakerDAO initiated the vote on Monday.

At the time of publication, all votes favored raising the rate to 1%. This may change as more voters cast their preference.

(by Krisztian Sandor)