MakerDAO, the decentralized autonomous organization behind the stablecoin DAI, has voted to increase the DAI Savings Rate (DSR) as part of its efforts to attract more users and liquidity to the platform.
The increase in the DSR is aimed at making DAI more competitive with other stablecoins and DeFi platforms that offer interest-bearing savings products.
This move comes as the DeFi ecosystem continues to grow, with more users seeking decentralized alternatives to traditional financial services.
By increasing the DSR, MakerDAO hopes to incentivize users to hold and use DAI, thereby strengthening its position as one of the leading stablecoins in the market.
