The decentralized finance (DeFi) giant MakerDAO community voted on the proposal for the annual return of stablecoin DAI and decided to increase the rate from 0.01% to 100-fold to 1%.
by MakerDAO November 28 Annual rate of return voting initiated on 1st of December as of concluded. DAO members current annual rate of return 0.01% the rate of return of DAI, which is to 0.25%, 0.5%, 0.75% or to 1% He chose between options, including raising it or keeping it constant at the current rate of return. voting, 71.24% annual rate of return by a majority of one vote increase to 1% ended in the direction.
Due to recent market bankruptcies, DAO members lost interest in crypto deposit products and the US Federal Reserve (FED) aggressive rate hikes As traditional markets become more advantageous, not collecting enough deposits expressed. It will be provided to investors as a solution It was decided to increase the rate of return.
The leaders of MakerDAO have been talking about this return increase for a long time. One of the DAO’s leading authors Sebasien Derivaux and Sam MacPherson At the beginning of November, he suggested that return rates in traditional markets should be caught. of banks up to 4% Stating that it offers risk-free rates of return, MacPherson stated that catching the rates in traditional markets can increase the attractiveness of DAI.