MakerDAO finally lowers its stability fee as Dai overshoots peg66

MakerDAO token holders voted to decrease the stability fee on the Dai stablecoin by 2 percent to 17.5 percent. Executed on May 28, this will be the first time the fee has been lowered in over five months.

The MakerDAO platform offers collateralized loans in the Dai stablecoin to users who deposit ether into its smart contracts. Dai acts as a decentralized on-ramp for dollar-backed stablecoins, in contrast with stablecoins backed by deposits of U.S. dollars.

Original source

Add comment

Please Sign in to be able to leave comments.