MakerDAO Core Development Team Proposes Increasing DAI Deposit Rate to 3.33%

According to the MakerDAO Governance Forum, the MakerDAO core development team has proposed an increase in the DAI Deposit Rate (DSR) to 3.33%. The proposal still needs to go through a formal voting process before it can be passed.

The DAI savings rate, known as the DSR, can be adjusted frequently to respond to short-term changes in Dai market conditions, MakerDAO said in February, adding that raising the DSR to 1 percent last year drove the deposit of more than 35 million DAIs in one month. Meanwhile, the yield on three-month U.S. Treasury bills is now about 5.29%.