MakerDAO Increases Its DAI Savings Rate, Thanks to Competitive DeFi Landscape
Following an executive <a href="https://vote.makerdao.com/executive/template-executive-vote-recognized-delegate-compensation-gno-onboarding-blocktower-credit-rwa-vaults-onboarding-renbtc-offboarding-mkr-vesting-momc-parameter-changes-dai-savings-rate-adjustment-starknet-bridge-parameter-changes-december-09-2022#proposal-detail" target="_blank">proposal</a> decided upon on 11 December and executed on-chain on 12 December, <a href="https://ambcrypto.com/predictions/maker-price-prediction">MakerDAO [MKR]</a> implemented an increment of its DAI Savings Rate from 0.01% to 1%.
The Latest Proposal From MakerDAO Could Have This Impact on DAI
<a href="https://ambcrypto.com/makerdao-mkr-all-you-need-to-know-about-protocols-latest-proposal/">MakerDAO</a>, the governance division of <a href="https://ambcrypto.com/maker-governance-team-implements-parameter-changes-to-protect-dai-holders/">Maker</a>, the company that issues DAI, recently voted on the addition of interest rates in a <a href="https://vote.makerdao.com/polling/QmV3oNeX#vote-breakdown" target="_blank">proposal</a> on 28 November. The proposed interest rate was between 0.01% and 1%.
MakerDAO Community Votes to Hike DAI Rewards to 1%
The community of <a href="https://www.coindesk.com/learn/how-does-makerdao-work-understanding-the-central-bank-of-crypto/">MakerDAO</a>, one of the largest decentralized finance (DeFi) protocols, voted to increase the rewards rate for its <a href="https://www.coindesk.com/price/dai/">DAI</a> stablecoin to 1%.
DeFi Giant MakerDAO Holds Voting on Hiking DAI Stablecoin Rewards
DeFi giant <a href="https://www.coindesk.com/learn/how-does-makerdao-work-understanding-the-central-bank-of-crypto/">MakerDAO</a>'s community is voting on increasing the annual reward for its <a href="https://www.coindesk.com/price/dai/">DAI</a> stablecoin up to 1%.
FTX Hacker Becomes the 34th Largest ETH Holder, Now Holds 235K Eth
The hacker behind the FTX accounts with ten different accounts identified kept the stolen assets on the move, making multiple swaps across several protocols. Following the multiple swaps, the account currently has balances in several assets, including 74K BNB ($20M), 1.68M DAI, and 235K ETH ($209M). Its ETH balance makes it the 34th largest holder of Ethereum.
Tether, USD Coin, Binance USD, Dai, or Terrausd: Which Stablecoin Is the Best?
Which stablecoins are decentralized? Which stablecoin is the safest? Which stablecoin is the best?
