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MakerDAO Considers Boosting DAI Savings Rate To 8%
TLDR MakerDAO could soon offer the highest native stablecoin yield in DeFi, should a proposal pass to boost the DAI Savings Rate to 8%. MKR has rallied 25% in a week, breaking the $1,000 barrier for the first time since October 2022.
SO WHAT The price action could indicate traders are frontrunning anticipated MKR buybacks. A DSR yield of 8% would be highly competitive, exceeding the current yield on US Treasuries.