DeFi Update – MakerDAO’s DAI Loans’ Stability Fee Slashed by Over 40% by a Whale Voter

DeFi Update – MakerDAO’s DAI Loans’ Stability Fee Slashed by Over 40% by a Whale Voter

Token holders of MakerDAO, have, through an executive vote, agreed to reduce the stability fee (interest rates) of all DAI loans to 5.5 percent. MakerDAO is an Ethereum based decentralized lending protocol behind DAI, a stablecoin that is pegged 1:1 against the USD.