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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.

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