MakerDAO on the Verge of Raising Dai Stablecoin Fee to 16.5 Percent

The MakerDAO team, creators of the DeFi dual-token MKR and DAI ecosystem, is now moving ahead on an executive vote to grant or veto a new community proposal to raise Dai’s lending fees another two percent, to 16.5 percent annually.

MRK holders had voted between April 22nd and April 25th on whether to keep the Dai Stability Fee (DSF) at 14.5 percent or to raise it one, two, three, or four percent. That rate has fluctuated wildly in recent weeks as a steady stream of hikes have been voted into place in an attempt to return the peg of the Dai, a stablecoin, to $1 USD.

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