MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year

MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

  Users of Decentralized Autonomous Organization (DAO) MakerDAO (MKR) have voted to raise the so-called stability fee for Maker’s DAI (DAI) stablecoin by 4 percent, according to the results of a recent poll completed on March 21. The firm announced on Thursday that users had voted yes to the proposal to increase the stability fee by 4 percent, from 3.5 percent to 7.5 percent. The reasons provided by the post are that the DAI’s exchange persists under one dollar, high inventory levels among market makers and prop desks, and insufficient…