Ethereum is now home to a savings account that pays 7.75% on what are effectively, US dollar deposits. Learn all about Dai and the DAI Savings Rate in this article.
Latest in DeFi
As Decentralized Finance flourishes and targets $1 billion, it’s important to remind ourselves that DeFi is but a small subset of what is being created on Ethereum.
MakerDAO has increased the Dai Savings Rate twice since November 2019, with interest paid on holdings now resting at 6.00% p.a. Is there room for the rate to go higher and what implications does this have on the price of ETH?
As Ethereum grows in popularity for decentralized finance, this signal from Maker could be one of the industry’s most overlooked yet.
Ethereum holders could soon be receiving a “dividend” in the form of Athereum and MakerDAO nears its epic new release date.
Decentralized Finance is growing in leaps and bounds with the total amount of Ether locked in the system reaching an all time high of 2.74 million ETH last week.