MakerDAO Introduces Fee Adjustments Due to Volatility

MakerDAO has approved temporary fee adjustments through an “Executive Vote” to strengthen the protocol in response to increased market volatility and bullish sentiment resulting in a decrease in reserves for its Dai stablecoin.

The proposal, put forth by BA Labs, aims to expedite approval for a stablecoin stability measure in the event that real-world assets are redeemed by users, which could potentially cause liquidity issues.

While the ecosystem is currently stable, MakerDAO recognizes the need to anticipate potential user actions and has proposed adjustments to various aspects of the protocol such as Maker Vaults, SparkLend DAI Borrow Rate, PSM, Dai Savings Rate, and GSM Pause Delay.