MakerDAO Approves Temporary Increase in DAI Annual Returns to 8%
The MakerDAO community has approved a temporary increase in annual returns for depositing DAI stablecoin into the protocol, allowing users to earn an 8% yield. This increase is enabled through the Spark Protocol, but is not available to non-U.S. users or VPN-linked addresses. Since the activation of the Enhanced Dai Savings Rate (EDSR) proposal, the total amount of DAI deposited in the DSR contract has jumped by 75.7% to 556 million DAI.
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MakerDAO Approves Temporary Increase in DAI Annual Returns to 8%
The MakerDAO community has approved a temporary increase in annual returns for depositing DAI stablecoin into the protocol, allowing users to earn an 8% yield. This increase is enabled through the Spark Protocol, but is not available to non-U.S. users or VPN-linked addresses. Since the activation of the Enhanced Dai Savings Rate (EDSR) proposal, the total amount of DAI deposited in the DSR contract has jumped by 75.7% to 556 million DAI.