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MakerDAO Approves Hike in Reward for Holding DAI Stablecoin and Reshuffles Reserve Assets

June 16 (Cointime) - MakerDAO, a decentralized finance platform and stablecoin issuer, has approved a proposal to increase the DAI Savings Rate (DSR) to 3.49% from 1%, providing additional incentive for investors to hold and lend DAI instead of rival stablecoins.

The decision was made through an executive vote by the MakerDAO community, which is undergoing a major transformation, including rearranging the backing assets of the DAI stablecoin.

The vote also included a decrease in the debt ceiling of Paxos Dollar (USDP) to zero and a decrease in the amount of Gemini Dollar (GUSD) in the reserve to $110 million from $500 million.

Gemini Dollar Gemini Dollar $1.00
+0.09%
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