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MakerDAO's new plan to boost demand


MakerDAO accepted a demand-boosting proposal to become more competitive in the industry.
To drive demand, the MakerDAO community has approved a proposal to increase throughput. With this, the DAI yield will be further increased.
MakerDAO has approved a proposal to increase DAI yield in an effort to boost demand. This mechanism, called the Enhanced Dai Savings Rate (EDSR), will offer DAI holders a temporary return of up to 8 percent. The EDSR will be determined based on the use of the Dai Savings Rate (DSR) and will decrease over time.
This step aims to make DAI more competitive and increase its adoption. In June, DSR was increased to 3.49 percent, but failed to attract the expected attention. With the new offer, it is aimed to make DAI more attractive and to be preferred by more users.
DAI ranks third among stablecoins by market cap, and MakerDAO is taking several measures to remain competitive amid the market turmoil. These measures include increasing the US Treasury bonds in the portfolio.
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