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.

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.