The recommendation was by BA Labs, a member of Maker’s Stability Advisory Council.
The Peg Stability Module and Spark Effective Borrow APY will also undergo modifications.
Due to an episode of increased volatility which has led to a decrease in the reserves of its dollar-pegged stablecoin dai, MakerDAO has instituted a series of interim fee adjustments intended to strengthen the protocol.
The recommendation was brought out by BA Labs, a member of Maker’s Stability Advisory Council, in response to a precipitous decline in dai supply—from $5 billion to $4.4 billion—during the previous week. Even if dai is still overcollateralized, if further dai sales occur, there may be a liquidity crisis since some of the collateral is held in real-world asset (RWA) vehicles.
The proposal reads:
“Liquid stablecoin reserves and reserves deployed to RWAs are more than sufficient to sustain the increasing pressure generated by the potential bullish market sentiment. The issue lies i
We współpracy z: https://thenewscrypto.com/makerdao-implements-interim-fee-adjustments-to-strengthen-protocol/
