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MakerDAO Community Votes to Hike Rewards for DAI

Tris Bell

Summary: The community of decentralized bank MakerDAO voted to increase the rewards rate for its DAI stablecoin to 1% on Thursday, according to reports by CoinDesk. Around 71% of participants voted in favor of the hike. The hike will mean greater incentives for investors at a time when crypto yields are low. However, it is still much ...

The community of decentralized bank MakerDAO voted to increase the rewards rate for its DAI stablecoin to 1% on Thursday, according to reports by CoinDesk. Around 71% of participants voted in favor of the hike.

The hike will mean greater incentives for investors at a time when crypto yields are low. However, it is still much lower compared to what traditional yield-generating assets get.

Author: Tris Bell

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Link: MakerDAO Community Votes to Hike Rewards for DAI   [Copy]
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