MakerDAO has been forced to raise interest rates dramatically due to demand side constraints for DAI. This decision comes as high-yield opportunities like Ethena are attracting capital, impacting Maker's rates. Maker's chairman anticipates significant interest rate bumps to stimulate DSR demand.
๐ถ MakerDAO has jacked the stability fees for DAI mints by more than 140% in response to rapidly dwindling USDC reserves. Maker said the heavy outflows threatened to trigger a DAI "demand shock" ๐ Read More: https://t.co/Dl0q5tyqI9 https://t.co/wSedseL9w9
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Today in DeFi: Updates ๐ฐ - @MakerDAO Raises DSR to 15% Upcoming โ๏ธ - @GnosisDAO V3 Premium ๐ฐ - Automated Single-Token Farming with High APRs subscribe to see more...๐๐ป๐ #DeFi #Airdrops https://t.co/RdZxsT0atz
#Defi Biggest #PriceMovers: ๐GAINERS @EOSDT (#EOSDT): +55.9% @0xProject (#ZRX): +28.2% @ProjectSerum (#SRM): +13.6% @ZapProtocol (#ZAP): +13.3% ๐LOSERS @DMMDAO (#DMG): -48% @mstable_ (#MTA): -16.2% @Jarvis_Network (#JRT): -15% โ Updates in 24h #DefiNews https://t.co/xnRc9nnPPY
AI & gaming are great narratives this cycle.
Immediate effects from the largest rate hikes in the history of DeFi by @MakerDAO: 1) Annualized profits skyrocketed from ~$99 million to more than $200 million (+100% increase) https://t.co/OiQbs2Xc47
$MKR doing 200M pure profit almost 0.5B in rev and you guys still fading. https://t.co/ZhxkgEuV4j
1$ $MKR after 24000:1 split https://t.co/wvbPzQpEFU
In ~2 hours, @MakerDAO will implement some unprecedented rates moves. Thereโs been some confusion about the cause, reasoning behind, and likely effect of these changes. Letโs go through them (in that order) 1/n https://t.co/FdNvbNCJ4P
$MKR profits will double in 24H TVL should grow 2x in nest two months https://t.co/NALbo9cGzS
MAKERDAO IMPLEMENTS TEMPORARY CHANGES TO STABILIZE DAI AMID DEPLETED RESERVES A proposal, submitted by BA Labs, a member of Makerโs Stability Advisory Council, highlighted a sudden decrease in DAI supply from $5B to $4.4B over the past week. While DAI remainsโฆ https://t.co/MtV1PCGfK9
MakerDAO votes for emergency fee adjustments in light of market conditions. https://t.co/Lc6B1IW0Jq
How Bitcoin trading frenzy almost depleted a vault in MakerDAO https://t.co/fcHO6CxW18
Memes aside, @ethena_labs bringing CEX funding rates onchain in tokenized form is having massive ripple effects across DeFi Right now, Maker, Aave, and others are reacting by raising their borrow costs and the native yield they pay holders But we're about to enter Act II... ๐งต https://t.co/e1mPz0VDiu
MakerDAO implements temporary fee hikes to prepare for 'potential Dai demand shock' https://t.co/HAPC6PMfml
BREAKING: Markets in turmoil as MakerDAO Chairman Rune Christensen reports ultra-hawkish outlook in light of dwindling reserves and possible RWA liquidity crunch. Maker anticipates interest rate bumps of 900 bps or more to stimulate demand for DSR and
This weeks best performing narratives: Meme: 108% AI: 56% Storage: 27% GameFi: 24% https://t.co/GJFhk04V9L
This weeks best performing narratives: Meme: 108% AI: 56% GameFi: 24% https://t.co/74NvTldMfo
MKR has been so so obvious for a long time: > Trading at a ridiculously low valuation relative to revenue > MKR 1:24000 redenomination > New token name and overall rebranding > Shift of focus to the demand side of DAI > SubDAO farming & airdrops > Ethena likely launching at aโฆ
High yield opportunities like Ethena are sucking up all the capital, hence Maker spiking rates Quite confident Maker will adapt and thrive nevertheless tho https://t.co/KHbG4b6kdL
Listen to our 0xresearch podcast to understand why Maker is running into demand side constraints for DAI that now force them to raise rates dramatically https://t.co/SlCzfzLaAQ