Express

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

Last Update:

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

Related Articles

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 7 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 3 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 6 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 7 days ago

    • You need to login to comment.