MakerDAO proposal seeks to increase DAI savings rate to 3.33%

Ethereum-based Decentralized Finance (DeFi) Community MakerDAO protocol will soon vote on the proposal to increase Dai (GRAND) stablecoin savings rate (DSR) to 3.33%. If it goes through, the move is said to have broader implications for rates on the DeFi market.

In a May 26 tweet, the Maker team revealed that “The upcoming Executive Voting will implement a new DSR increase, from 1% to 3.33%, if approved.”