MakerDAO is proposing some changes to some of its vaults. Members of the MakerDAO community have voted against the loan requested by Cogent bank. Leading DeFi platform MakerDAO [MKR] has proposed changes to some of its vaults, in a bid to better align them with risk and incentivize growth. This move comes as borrowing rates […]
to some of its vaults, in a bid to better align them with risk and incentivize growth. This move comes as borrowing rates on MakerDAO and other DeFi platforms have risen in recent months due to market bullishness and the surge in risk appetite.Likewise, stablecoin borrowing costs have gone up, and centralized funding costs have also increased. In addition, general financial conditions have tightened due to persistent inflation, resulting in higher benchmark rates.
The stability fee for YFI-A is also proposed to be increased, while the debt ceiling for RETH-A and Compound v2 D3M is proposed to be increased to 20 millionAs contained in the proposal, these changes are expected to drive additional protocol revenue while still maintaining acceptable cost levels for vault users. The proposed changes are expected to result in a 4.2% increase in annual protocol revenue, equivalent to approximately 1,750,000 DAI.
with the same terms that MakerDAO had with Huntingdon Valley Bank, which resulted in MakerDAO extending a loan to the latter in 2022.
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