Cryptocurrency exchange OKEx is set to become the first major platform to integrate Dai Savings Rate (DSR), allowing holders of the stablecoin to earn a 4% return.
MakerDAO, a decentralized autonomous organization behind the Dai sta...
Cryptocurrency exchange OKEx is set to become the first major platform to integrate Dai Savings Rate (DSR), allowing holders of the stablecoin to earn a 4% return.
MakerDAO, a decentralized autonomous organization behind the Dai stablecoin ecosystem, announced the news Tuesday, saying that OKEx will integrate the DSR on Dec. 23 for its “millions” of users.
Once integrated, OKEx users will be able to directly deposit Dai and stake it in the DSR to earn the savings rate of 4%, as well as an additional reward from the exchange. It is not clear how much is the additional reward. The Block has reached out to OKEx and will update this story if we hear back.
There are no minimum or maximum deposits required to get started with the DSR and there are also no fees, said MakerDAO, adding: “With the OKEx integration, adoption of the Dai Savings Rate can accelerate in Asia, introducing millions more people to Dai.”
MakerDAO activated the DSR last month after MKR token stakeholders made an executive vote. In Tuesday’s announcement, MakerDAO said users around the world have locked over 16 million Dai in the DSR contract in the three weeks since its launch.
source https://www.tokentalk.co/The Block/okex-exchange-to-integrate-dai-savings-rate-allowing-users-to-earn-4-return-5df882915b9a244c229edc69
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