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Maker DAO Votes on Dramatic Reduction of Stability Fees

Published 10/22/2019, 03:40 AM
Updated 10/22/2019, 05:01 AM
 Maker DAO Votes on Dramatic Reduction of Stability Fees

The Maker DAO project is holding another vote to dramatically reduce stability fees. The vote, which ends on Wednesday, will have options to select a stability fee between 5.5% and 13.5%.

Following the vote, on Friday, MKR holders will hold an executive vote to approve the stability fee selected by the wider Governance vote. The stability fee aims to reduce the volatility of the DAI stablecoin, and continue the MRK decentralized finance system without causing liquidations or a run of withdrawals.

https://twitter.com/MakerDAO/status/1186311268229009408

The Maker DeFi scheme currently issued and...

This article appeared first on Cryptovest

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