Odaily Planet Daily News Makerburn.com data shows that the supply of DAI stablecoins soared to a five-month high of 5.35 billion. Along with the increased supply, the protocol’s annualized revenue also hit a two-year high of $165.4 million, meaning Maker currently earns about $165 million in fees a year.
This increase could be attributed to the MakerDAO community voting on Aug. 6 to temporarily increase the annualized rate of return from 3.19% to 8%. Since last week, the protocol’s Dai Savings Rate (DSR) deposits have nearly quadrupled, from $340 million to $1.3 billion, according to Dune data. (Decrypt)