Friday, 29 March 2019

MakerDAO Governance & Risk Call: Supply down 4.55% after 4% SF hike but Dai continues to trade down @TheBlock__ #Decentralized Life #Ethereum #Genesis #Governance #Maker #Stablecoin #DAI #governance call #makerdao #multi collateral dai #stability #stability fee

With little to discuss on the governance front, this week’s MakerDAO community call focuse...

With little to discuss on the governance front, this week’s MakerDAO community call focused on systemic risk, addressing both short-term stability — or lack thereof — and a broad framework for determining parameters under the impending Multi-Collateral Dai update.

Risk

The conversation started with a brief overview of the Dai economy.

The latest Stability Fee adjustment came into effect Friday March 22, with 98,225.61 MKR, valued at just over $70 million, voting in favour of the 4% hike to 7.5% APR.

Source: vote.makerdao.com

Since then, total outstanding Dai has fallen 4.55% from 92,921,934 down to 88,690,982, suggesting the interest rate hike, which increases the cost of debt for CDP holders, has been successful in affecting supply side.

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source https://www.tokentalk.co/The Block/makerdao-governance-risk-call-supply-down-455-after-4-sf-hike-but-dai-continues-to-trade-down-5c9e93085e176a503c432a32

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