MakerDAO strategy to set interest rates on most assets above 0%, DAI exchange rate volatility

2020-9-9 03:14
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According to the September 8 Cointelegraph, the MakerDAO (MKR) policy was adopted to resume interest rates on most assets, except ETH, above 0%, according to Cointelegraph. According to data from Daistats, interest rates on USDC-A, WBTC and other small banks are currently recovering by 2%. This means that the contract will reuse these assets as income for DAI borrowers. In general, lowering interest rates is seen as a way to support DAI formation, and people think DAI value should be below the $ 1 target. According to the press release, the DAI is priced at $ 1.03, nowhere near the expected price.

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