Express

MakerDAO Vote Increase Ethereum-Backed Interest Rate By 2.0 Percent

Liang CHE

Summary: According to cryptoslate.com, the decentralized autonomous organization MakerDAO, which provides crypto mortgages, voted to raise interest rates from 1.5% to 3.5%. The vote was a continuation of the two interest rate hikes in February, trying to pull back its stable currency, Dai, supported by Ethereum, from less than $1.00.

According to cryptoslate.com, the decentralized autonomous organization MakerDAO, which provides crypto mortgages, voted to raise interest rates from 1.5% to 3.5%. The vote was a continuation of the two interest rate hikes in February, trying to pull back its stable currency, Dai, supported by Ethereum, from less than $1.00.

Last Update:

Tags: ,,
Link: MakerDAO Vote Increase Ethereum-Backed Interest Rate By 2.0 Percent   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 2 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago

    • You need to login to comment.