ChainCatcher message, Maker stated on social media that the Block Analitica team proposed adjustments to various vault type parameters, which will be considered in the upcoming governance vote. Here are the details of the proposed changes:Stability Fee (SF) changes:ETH-A: reduced to 6.25%ETH-B: reduced to 6.75%ETH-C: reduced to 6%WSTETH-A: reduced to 7.25%WSTETH-B: reduced to 7%WBTC-A: reduced to 7.75%WBTC-B: reduced to 8.25%WBTC-C: reduced to 7.5%Effective DAI borrowing APY adjusted to 7%;DSR (Dai Savings Rate) adjusted to 6%.

ChainCatcher news, data from the lending protocol Spark Protocol under MakerDAO shows that the total amount of DAI deposits in DSR has currently reached 1.61 billion dollars. The current deposit interest rate for DAI in DSR is 5%.

ChainCatcher message, the Dai Savings Rate (DSR) has been launched on the OKX chain, allowing users to stake from 1 DAI at a reference annualized return of 5% to earn daily profits. The actual annualized yield will be automatically adjusted based on the real-time status of MakerDAO. Users can also redeem at any time without transaction or service fees. The staked DAI will be transferred to DSR every day at 11:00 AM (UTC+8) and will accrue interest according to on-chain rules. Earnings will be distributed to the user's fund account upon redemption of the principal.It is reported that MakerDAO's DSR is a contract that allows users to stake DAI and earn returns, giving users complete and independent control over their staked DAI at any time. MakerDAO earns revenue through stability fees and interest from real-world assets (such as U.S. Treasury bonds) and shares it with users who stake DAI through DSR.

ChainCatcher message, the Frax core team has released the "FIP - 2XX" sFRAX proposal on the governance forum. This proposal plans to introduce Staked FRAX (sFRAX) into the Frax ecosystem, allowing users to deposit FRAX stablecoins into a smart contract (standard ERC-4626) and earn interest (denominated in FRAX stablecoins).The core team stated that similar to the Dai Savings Rate (DSR) concept, sFRAX focuses on addressing the near-zero duration yield curve of FRAX, providing users with the opportunity to earn FRAX stablecoins while contributing to the growth of FRAX supply. Apart from the deposited and earned FRAX stablecoins, sFRAX does not guarantee any yield on on-chain or off-chain assets or any redemption rights.

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.

ChainCatcher message, the MakerDAO governance page shows that a series of adjustment proposals regarding EDSR and stability fees have been voted through and will be executed at 22:24 Beijing time on August 20.The main content of the proposal includes: DSR will be reduced based on the EDSR update, and after the proposal is passed, DSR will be lowered from 8% to 5%; an increase in stability fees for ETH, wstETH, rETH, and other assets; updating parameters for the smart burn engine, etc.

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).

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, Sun Yuchen continued to mortgage stETH through two addresses 10 hours ago, minting 50 million DAI and depositing it into MakerDAO's DSR. Currently, Sun Yuchen has mortgaged a total of 231,116 stETH (4.28 million USD) through the two addresses, minting 175.8 million DAI and depositing it into DSR.Currently, the DSR deposit TVL is 1.17 billion USD, with Sun Yuchen accounting for 15%.

ChainCatcher news, data from Spark Protocol, a lending protocol under MakerDAO, shows that the total amount of DAI deposited in DSR has now exceeded 1 billion dollars, reaching 1.01 billion dollars. Currently, users are earning the current deposit interest rate of 8% by depositing DAI in DSR.

ChainCatcher news, Makerburn.com data shows that as the Maker DAI Savings Rate (DSR) is raised to 8%, the amount of DAI deposited into the Maker DSR pool in the past 24 hours has increased by 216 million, with a total increase of 255 million over the past week, bringing the total to 556 million.

ChainCatcher news, according to Scopescan monitoring, 3 hours ago, an address starting with 0x4a deposited 420 WBTC (approximately 12.2 million USD) as collateral, borrowed 6.7 million DAI, and then deposited all DAI into the Maker DSR pool. The current DAI deposit rate for MakerDAO has been raised to 8%.

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.

ChainCatcher message, the GnosisDAO community has initiated a new proposal to deposit 25 million xDAI on the Gnosis Chain into the DAI Savings Rate (DSR). Gnosis Chain users can mint GC sDAI using xDAI and accumulate DSR savings yields. Theoretically, the DSR yield on the Gnosis Chain is always higher than that on the Ethereum mainnet, as interest rate equilibrium can only be achieved when all xDAI is staked. (source link)

ChainCatcher message, the Aave community initiated a temperature check proposal to "integrate MakerDAO's DSR into the Aave V3 Ethereum pool." This proposal aims to integrate MakerDAO's Dai Savings Rate (DSR) into the Aave V3 ETH pool, which will be achieved by incorporating sDAI (an ERC-4626 Vault token that includes DSR earnings) into the Aave protocol. Recently, the MakerDAO governance plan proposed to raise the DSR rate to 3.3%. By integrating DSR into Aave through sDAI, Aave liquidity providers can benefit from the DSR rate without incurring additional costs to Aave DAI borrowers. (source link)

ChainCatcher news, according to The Block, a core development team of MakerDAO has proposed to raise the DAI savings rate to 3.33%. This proposal still requires formal voting procedures to be approved.The DAI savings rate, known as DSR, can be adjusted frequently to respond to short-term changes in the Dai market conditions. MakerDAO stated in February that raising the DSR to 1% last year led to over 35 million DAI being deposited within a month. Meanwhile, the yield on 3-month U.S. Treasury bills is currently around 5.29%. (source link)

ChainCatcher news, the DeFi protocol OlympusDAO plans to deploy 77 million DAI to DSR (DAI Savings Rate) through the TAP-18 proposal. The proposal states that due to the recent income earned by MakerDAO through real-world asset activities, it has raised the DSR to 1%; OlympusDAO, as one of the largest holders of DAI, should take advantage of the new savings rate to increase income. (Source link)