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Accepted: MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year | | Cryptocurrency news. Breaking news on cryptocurrency.
MKR token holders have voted to raise the so-called stability fee for MakerDAO's DAI (DAI) stablecoin by 4 percent. Users of Decentralized Autonomous Organization (DAO) MakerDAO (MKR) have voted to raise the so-called stability fee for Maker's DAI (DAI) stablecoin by 4 percent, according to the results of a recent poll completed on March 21.The firm announced on Thursday that users had voted yes to the proposal to increase the stability fee by 4 percent, from 3.5 percent to 7.5 percent. The reasons provided by the post are that the DAI's exchange persists under one dollar, high inventory levels among market makers and prop desks, and insufficient impact from the previous fee increase.The MKR token holder could choose whether to raise the fee by zero, two or four percent. Still, the vote page explains that "the absence of any significant volume clearing near $1 indicates that there needs to be stronger incentives in place" than a 2 percent increase.Lastly, the post admits that a 4