Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
MakerDAO, a leading decentralized finance platform, is in the process of voting on a series of proposals to adjust various parameters, such as stability fees and the Dai Savings Rate (DSR). If passed, the proposal will see the DSR drop from 8% to 5%, and stability fees for ETH, wstETH, and rETH will rise. Additionally, the parameters for the platform’s intelligent combustion engine will be updated. This move is aimed at improving the stability of the platform and ensuring its long-term sustainability. Voting on the proposals will end on September 16.
