DeFi

Maker opens another governance poll to increase DAI interest rates by up to 4%

March 18, 2019, 6:05PM EDT
The Maker Foundation has created a governance poll to gauge sentiment around holding DAI interest rates at current levels or raising them by 2 or 4%. The poll follows a recent bump of the Maker stability fee to 3.5% on March 9.
 
According to the poll, key factors to consider in favor of raising rates include:
  • Exchange price for DAI persisting below $1
  • High inventory levels among market makers and prop desks
  • Continued muted impact from previous rate hikes

The governance poll will remain active for three days starting Monday, March 18 at 6 p.m. UTC, after which MKR token holders can use the poll results to support or reject rate changes during an executive vote that will open on Friday, March 22.

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