$DAI in DSR Reached $1.3 Billion, Up $1 Billion in a Week

$DAI in DSR Reached $1.3 Billion, Up $1 Billion in a Week
Source: Maker

The recent increase in the DSR (Dai Savings Rate) to 8%—though anticipated to decrease to 5%—has attracted huge inflow into the DAI Saving module in MakerDAO. sDAI, the DAI accruing saving rate, has increased by $1.04 billion in a week. Other Defi protocols are also working on proposals to integrate with sDAI.

Aave community has initiate a proposal seeks to onboard sDAI as a collateral-only asset into the Aave V3 Ethereum pool. By integrating liquid DSR deposit tokens (sDAI) as a collateral-only asset in the Aave V3 Ethereum pool, Aave can offer users the dual benefit of earning DSR yield while utilizing their assets as collateral. In the context of GHO, this integration would create a yield-generating stablecoin with a higher yield than the GHO borrow cost.

Related: Founder of MakerDAO Proposes to Lower $DAI Savings Rate to 5% and Expand Utilization Range

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

Lending

DeFi

In This Article

Related News
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Latest News More More
1 Day Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
4 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
July 4 Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open