TL;DR
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MakerDAO voted to increase fees for their stablecoin, $DAI, to help push reserves from 5% to 15% as they expect increased selling pressure.
Full Story
MakerDAO just implemented some fee changes to stock up on their DAI Token Reserves.
Which could be seen as really annoying, but similar to the friend who takes extra time to pack a surplus of snacks for the road trip…
95% of the time we are really happy they did it.
Here’s what the stablecoin is up to:
MakerDAO runs the stablecoin $DAI, which is softly pegged to the US dollar.
The DAO is known for their structural safety — they run tons of audits and research.
Which, in turn, makes a lot of investors trust $DAI to store long-term value, or use it for day-to-day transactions of Real World Assets (RWA’s), like purchasing cars. Pretty cool.
All this stacks up, making sense of why MakerDAO is ‘over’ preparing.
As we come into a bull run, the volatility of the space is getting more hefty, and coins like $DAI are seeing more selling pressure.
Think: more people selling stablecoins to buy BTC/ETH/SOL etc.
Which brings us to the take away:
Increasing reserves from 5% to 15% will help sustain the coin if there is a liquidity crunch (aka: a bunch of folks trying to sell their $DAI tokens at once).
Who knows if this is needed for the long term — either way, a strategic preemptive move like this can make or break a project when markets turn.
So this is a smart move by MakerDAO.
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