The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin Dai has failed, according to the voting results published on May 20.
The vote about whether to decrease the fee by 2% to 17.5% per year started yesterday, May 19. MakerDAO is looking to change the yearly stability fee in an attempt to improve the token’s peg to the U.S. dollar after its exchange price has been hovering above $1. The stability fee is a charge levied by Maker participants when DAI is used for loans.
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