savings rate to 3.33%. If it all goes through, the move is tipped to have broader implications for rates across DeFi.
In a May 26 tweet, the Maker team revealed that an “upcoming Executive Vote will deploy a new DSR raise, from 1% to 3.33%, if approved.” “The Dai Savings Rate is a fundamental component within the Maker Protocol system, offering users the opportunity to deposit DAI and receive a consistent interest rate. This interest is accrued in real-time, accumulating from the system's revenues,” Maker stated.was put forward by DeFi-focused risk management firm Block Analitica, and submitted by a member of MakeDAO’s risk core unit team.An upcoming Executive Vote will deploy a new DSR raise, from 1% to 3.33%, if approved.
MakerDAO's proposal seeks to increase the DAI savings rate from 1% to 3.33%. If approved, this move could have significant implications for rates in the DeFi market.
“The Dai Savings Rate (DSR) is a fundamental component within the Maker Protocol system, offering users the opportunity to deposit DAI and receive a consistent interest rate. This interest is accrued in real-time, accumulating from the system's revenues,” Maker stated.