Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»MakerDAO implements emergency measures amid market volatility
ADOPTION NEWS

MakerDAO implements emergency measures amid market volatility

By Crypto FlexsMarch 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MakerDAO implements emergency measures amid market volatility
Share
Facebook Twitter LinkedIn Pinterest Email

MakerDAO has approved an executive vote on significant changes in response to market conditions, aimed at stabilizing the DAI peg and improving the resilience of the protocol.

Amid the turbulent cryptocurrency market, MakerDAO, the organization behind the popular stablecoin DAI, announced the approval of an accelerated executive vote. This decisive action was taken in response to recent market volatility and the potential for a surge in demand for DAI. This vote introduces several temporary measures to strengthen the stability of DAI and the underlying protocol.

Stability in the Face of Volatility

Known for its strong overcollateralization support system, the Maker Protocol has been working effectively to maintain its goal of a 1:1 peg between DAI and the US dollar. However, the prompt proposal and subsequent vote reflect a proactive stance to prevent temporary market instability. Proposed changes include increasing stabilization fees for collateral assets such as ETH and WBTC, increasing SparkLend DAI leveraged Annual Yield (APY), and adjusting the Peg Stabilization Module (PSM) for better USDC deposit and DAI issuance throughput.

Key adjustments and their impact

Stability fees for various Maker Vaults will increase significantly.

ETH-A Stability Fee: 15.25%

ETH-B Stability Fee: 15.75%

ETH-C Stability Fee: 15%

WSTETH-A Stability Fee: 16.25%

WSTETH-B Stability Fee: 16%

WBTC-A Stability Fee: 16.75%

WBTC-B Stability Fee: 17.25%

WBTC-C Stability Fee: 16.5%

These adjustments are designed to discourage excessive borrowing and maintain the stability of DAI during periods of high demand.

The Dai Reserve Rate (DSR) will be increased to 15% to encourage DAI holdings and curb downward price pressure. Additionally, the Governance Security Module (GSM) pause delay has been reduced from 48 hours to 16 hours, enabling more agile governance decisions.

Understand the background and future plans

The urgency of this proposal is highlighted by the fact that Peg Stability Module reserves have been depleted, falling below $320 million. Additionally, approximately $1.1 billion in real assets (RWAs) may be redeemed, subject to daily limits, with the potential for processing delays. The proposed measures are temporary, with plans to return to standard operations once market conditions stabilize.

At the same time, the BA Labs team is devising a medium-term strategy to strengthen PSM holdings as part of the Stability Scope Advisory Committee.

Governance and Execution

After approval by executive vote, changes will be implemented within 48 hours. MKR holders and representatives participated in the decision-making process through the Maker governance portal. MakerDAO highlights its commitment to transparency with real-time monitoring of protocol reserves available on the MakerBurn dashboard and encourages the community to stay informed through official channels.

Professional and engaging reporting

As we continue to monitor developments in the MakerDAO ecosystem and the broader cryptocurrency market, our reporting remains factual and insightful. We strive to provide our readers with the most up-to-date and important updates to ensure a comprehensive understanding of the evolving landscape of blockchain and digital currencies. MakerDAO’s recent moves serve as a testament to the community’s ability to quickly adapt to market changes and strengthen the resilience of decentralized finance protocols.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Bitcoin Cash Price Prediction for Today, January 9 – BCH Technical Analysis

January 10, 2024

BYBIT ‘CEO meets the Minister of Finance Vietnam to support the regulatory sandbox and strengthen the compliance with encryption regulations.

April 20, 2025

Explore the Best Bitcoin Mixers of 2024: A Guide to the Best Options

January 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.