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After DAI suffered an enormous setback in March when its price traded as much as 8% away from its US Dollar peg, the stablecoin looks set to make a full recovery.
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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.
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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?
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Ethereum holders could soon be receiving a “dividend” in the form of Athereum and MakerDAO nears its epic new release date.
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Join The Newsletter View all updatesMKR price last updated at 16 Jan 20:32:38. This Maker price converter should be used for informational purposes only. The calculated price may not reflect the price available at exchanges.
The price of Maker (MKR) today is Ξ1.2265 ETH, which has decreased by -0.062609 (-4.86%) over the last 24 hours. The total number of MKR coins in circulation stands at 995,909 and Ξ301.32 ETH has been traded for the MKR/ETH pair across exchanges over the last 24 hours.
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