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MakerDAO Founder Proposes To Adjust EDSR To Give Priority to Ordinary DAI Holders

The founder of MakerDAO released a new proposal about EDSR (Enhanced DSR) in the community. Within 48 hours since the activation of EDSR, the DAI supply has increased by nearly 500 million, and the DSR utilization rate has approached the threshold of 20%, which will automatically reduce EDSR to about 5.8%.

The proposal points out that the current EDSR structure may be too favorable for ETH and Staked ETH holders. In order to ensure that EDSR mainly benefits ordinary DAI users, the proposal suggests reducing the maximum value of EDSR from 8% to 5%.

In addition, the proposal also suggests increasing the borrowing interest rate of cryptocurrencies to equal EDSR, in order to avoid large-scale "borrowing arbitrage". Regarding Spark Protocol, the proposal suggests establishing a retrospective subdao token farming airdrop for its early users, to reward their early participation in Spark Protocol and support for the Spark DAO community.

Ethereum Ethereum $3,484.76
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