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Maker DAO Community Votes to Implement EDSR Via GOV12.1.2

Published 29/07/2023, 08:30
Maker DAO Community Votes to Implement EDSR Via GOV12.1.2

  • The Maker DAO community has voted to introduce the Enhanced Dai Savings Rate (EDSR).

  • EDSR will increase the effective DSR available to users in the early bootstrapping stage when DSR utilization is low.

  • Maker DAO’s community, Rune, submitted the EDSR proposal on July 19, 2023.

The Maker DAO community has voted to introduce the Enhanced Dai Savings Rate (EDSR). The voting, which was performed through GOV12.1.2, will temporarily increase the effective DSR available to users in the early bootstrapping stage when DSR utilization is low.

As posted on the Maker DAO forum, The EDSR is determined based on the DSR and the DSR utilization rate and decreases over time as the utilization increases. As utilization increases, it decreases and eventually disappears.

A member of the Maker DAO community identified as R…

The post Maker DAO Community Votes to Implement EDSR Via GOV12.1.2 appeared first on Coin Edition.

The post Maker DAO Community Votes to Implement EDSR Via GOV12.1.2 appeared first on Coin Edition.

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