The MakerDAO community has approved a temporary increase in the annual returns for depositing DAI stablecoin into the protocol, allowing for an 8% yield on holdings. The interest rate earnings on DSR are enabled through Spark Protocol, which is not available to non-U.S. users or VPN-linked addresses. The MakerDAO community governs the Maker Protocol, which mints the dollar-pegged DAI against over-collateralized deposits of other cryptocurrencies. The total amount of DAI deposited in the DSR contract has jumped by 75.7% since the activation of EDSR, but the increased savings rate is temporary and will reduce toward the protocol's average stability fee of 3.19%.
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MakerDAO Increases Annual Returns for Depositing DAI Stablecoin to 8% in Temporary Move
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