MakerDAO Development Team Proposes to Increase DAI Savings Rate to 3.33%

As the Federal Reserve seeks to combat persistent inflation, the MakerDAO core development team has proposed raising DAI's savings rate to 3.33%. According to MakerDAO, the DAI savings rate, known as the DSR, can be adjusted to respond to short-term changes in the market conditions of the Dai economy. Primoz Kordez, founder of Block Analitica, said that if the proposal is passed, it will increase interest rates across the DeFi space. (The Block)