The MakerDAO community proposed to lower the DSR to 3%-5%

2023-08-18 11:49:49
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According to ChainCatcher's message, the official page shows that the MakerDAO community has initiated a new executive proposal, suggesting to lower the Dai Savings Rate (DSR) based on the latest update of EDSR, reducing the DSR from 8% to 3%-5%. Additionally, it is proposed to update the stability fees related to EDSR and to increase the cooldown time (hop) of the smart burn engine by 4,731 seconds, from 1,577 seconds to 6,308 seconds, and to increase the batch size (bump) of the Smart Burn Engine by 15,000 DAI, from 5,000 DAI to 20,000 DAI.

The proposal also suggests increasing the maximum debt ceiling of WSTETH-A by 250 million DAI (from 500 million DAI to 750 million DAI), increasing the maximum debt ceiling of WSTETH-B by 500 million DAI (from 500 million DAI to 1 billion DAI), and increasing the target available debt of WSTETH-B by 15 million DAI (from 30 million DAI to 45 million DAI).

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