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Another vote on whether to increase by 3% the amount of the stability fee for decentralized local currency DAI based on Maker's Ethereum (ETH) began on April 19 on the governance portal of the Organization autonomous decentralized (DAO).
MakerDAO, which publishes the aforementioned algorithmic decentralized algorithmic stablecoin related to the US dollar, is seeking to improve token fixation by increasing annual stability fees. Stability Fees are charges levied by Maker participants when Dai is used for loans.
In March, the DAO had already raised the stability tax twice, at 3.5% first and then at 7.5% a year. Last week, the tax was further increased by 4% in the fifth vote this year, bringing it to 11.5%, the current situation. If the increase is again accepted, the fees will reach 15.5%.
The proposal points out that the need for this increase was discussed in the April 18th Governance Call, a video of which was uploaded to YouTube. The community expressed a mixed response in the comments on the announcement of the vote on Reddit.
One user expressed concern that frequent changes to the stability fee are transforming the system into an unpredictable short-term leverage system. Other users noted that the increase in anchorage improvement costs apparently did not work.
As Cointelegraph pointed out in mid-March, Valerie Szczepanik, Senior Advisor for Digital Assets at the United States Securities and Exchange Commission, reportedly pointed out that algorithmic obligations may have problems under current securities legislation.
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