A proposal looking for to temporarily amplify the passion fee granted to holders of stablecoin Dai (DAI) was approved by the MakerDAO community on July 27, raising yields for tokenholders to as excessive as 8%.
The proposal launched the Enhanced Dai Savings Price (EDSR), a mechanism that temporarily will increase the efficient Dai Savings Price (DSR) accessible to customers. The improved mechanism will make certain by the DSR utilization and could merely be reduced over time as the DSR utilization goes up.
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