This article was first published on Stories by MakerDAO on Medium
Here’s the February update on the latest with Maker.
First, some key statistics. To date:
- 2,100,835 ETH locked up
- Over 2% of the entire ETH supply locked up in Maker smart contracts
- 88,359,554 Total Dai Supply
Increasing the Stability Fee to 1.5%
February was a big month for governance in action. A proposal was placed into the voting structure to raise the Dai Stability Fee by 0.5%, for a rate of 1%, and then another was introduced later in the month for an increased rate of 1.5%. Key factors for increasing the stability fee were: high inventory levels, exchange rate persists below $1, and no attributable impact from the previous stability fee increase. Notably, all the decisions were collectively made in a decentralized manner by the Maker governance (MKR holders), based on the available data and its analysis.
Joining the Mexico Freedom Forum
We’re passionate about serving the underserved. We aim to unlock the power of the blockchain for everyone by creating an inclusive platform for economic empowerment. The Oslo Freedom Forum (OFF) is a thriving global community of people united by the common vision of making the world a more peaceful, prosperous, and free place. The community embodies the principles of the Foundation. This year, OFF hosted a satellite event in Mexico City.
Trading Fractional Shares of Real Estate with Meridio
Meridio is empowering owning and trading fractional shares of real estate. They integrated Dai into their platform last summer to benefit from trustless trades and nearly instant settlement time. The integration is important for Meridio peer-to-peer trades, Ether balance conversion, and balance displays. Now, investors on Meridio can seamlessly trade real estate shares for Dai, which enables the benefits of a ...
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Stories by MakerDAO on Medium