MakerDAO founder proposes to change the maximum DAI savings rate to 5%, increase borrowing rates, and provide retroactive airdrops for Spark borrowers

ChainCatcher news, MakerDAO founder Rune Christensen posted in the community suggesting immediate action to optimize EDSR (Enhanced DSR), which is the savings interest for DAI, to ensure that this initiative primarily benefits ordinary DAI holders rather than allowing ETH whales to benefit massively. He proposed changing the maximum value of EDSR from 8% to 5%, raising the borrowing rate to match EDSR to eliminate arbitrage opportunities (initially reaching a minimum of 5%), and establishing a retroactive airdrop for Spark Protocol borrowers.

Christensen pointed out that the large-scale ETH and staked ETH whales unintentionally profit from EDSR through borrowing, but it crowds out the ordinary Dai users who should primarily benefit from EDSR. Within 48 hours of the launch of EDSR, the supply of Dai increased by nearly 500 million, and the utilization rate of DSR (Deposit Rate) has almost reached the 20% threshold.

Previous news, after MakerDAO passed the proposal to "introduce the Enhanced DAI Savings Rate (EDSR)" on July 28, on August 7, the MakerDAO DAI deposit rate was adjusted to 8%.