TL;DR
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MakerDAO voted to extend charges for his or her stablecoin, $DAI, to assist push reserves from 5% to fifteen% as they anticipate elevated promoting stress.
Full Story
MakerDAO simply applied some charge adjustments to replenish on their DAI Token Reserves.
Which may very well be seen as actually annoying, however just like the good friend who takes further time to pack a surplus of snacks for the street journey…
95% of the time we’re actually comfortable they did it.
Right here’s what the stablecoin is as much as:
MakerDAO runs the stablecoin $DAI, which is softly pegged to the US greenback.
The DAO is thought for his or her structural security — they run tons of audits and analysis.
Which, in flip, makes quite a lot of traders belief $DAI to retailer long-term worth, or use it for day-to-day transactions of Actual World Property (RWA’s), like buying automobiles. Fairly cool.
All this stacks up, making sense of why MakerDAO is ‘over’ getting ready.
As we come right into a bull run, the volatility of the area is getting extra hefty, and cash like $DAI are seeing extra promoting stress.
Suppose: extra individuals promoting stablecoins to purchase BTC/ETH/SOL and so on.
Which brings us to the take away:
Rising reserves from 5% to fifteen% will assist maintain the coin if there’s a liquidity crunch (aka: a bunch of parents attempting to promote their $DAI tokens directly).
Who is aware of if that is wanted for the long run — both approach, a strategic preemptive transfer like this could make or break a challenge when markets flip.
So it is a sensible transfer by MakerDAO.