Data: Sun Yuchen redeemed 206 million DAI from the DSR pool, depositing 257,000 DAI in 9 days of earnings

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, due to the DSR adjustment, Sun Yuchen redeemed 206 million DAI from the DSR (Dai Savings Rate) pool and retrieved 235,500 wstETH collateral. It is reported that the 9-day yield on his 206 million DAI was 257,000 DAI, which he has now converted into 154 ETH.

Previously, ChainCatcher reported on August 18 that the MakerDAO governance page indicated that a series of adjustment proposals regarding EDSR and stability fees had been voted on and approved, set to be executed at 14:24 UTC on August 20, 2023. After the approval of this proposal, the DSR will be reduced from 8% to 5%; stability fees for ETH, wstETH, rETH, and other assets will be increased; and parameters for the smart burn engine will be updated, among other changes.