MakerDAO approves Executive Vote for temporary fee adjustments due to market volatility and reduced reserves. Dai supply drops from $5B to $4.4B in 7 days. Proposal aims to expedite stablecoin stability measures, fearing liquidity issues from potential Dai selling. Changes include raising stability fees to 17.25%, increasing DAI Borrow Rate to 16%, and cooldowns on debt ceiling increases.
MakerDAO implements temporary fee adjustments amid market volatility
by Crypto Oasis | Mar 10, 2024 | Industrial | 0 comments