The MakerDAO community has initiated a proposal to "introduce Enhanced DAI Savings Rate (EDSR)" aimed at increasing the usage of DAI

2023-07-27 14:40:47
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ChainCatcher message, the MakerDAO community has initiated a proposal to "introduce Enhanced DAI Savings Rate (EDSR)" to increase the usage of DAI. EDSR is a system that adjusts the effective DSR for users when the DSR (DAI Savings Rate) is low. EDSR is determined based on the DSR savings rate and utilization rate, and it gradually decreases as the utilization rate increases.

At this stage, the DSR utilization rate is very low, and MakerDAO's Endgame plan aims to increase DAI demand to 100 billion within 3 years. Setting the DSR to an appropriate value helps to establish network effects and momentum.

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