It’s been quite a week for the world of decentralized finance (DeFi). On Monday, the Maker platform announced its Sai upgrade, which introduces the new Dai Savings Rate (DSR) to encourage users to save Dai, Maker’s stablecoin. At the same time, Compound pushed back their cToken launch by a full week due to technical issues. Finally, Aave unveiled their staking service, allowing users to earn rewards from token deposits.
Happy Friday everyone! This week in the world of decentralised finance (DeFi) saw some major announcements – kickstarting the week with Maker’s Sai Upgrade introducing the new Dai Savings Rate (DSR). This is an incentive to encourage DeFi users save Dai – Maker’s stablecoin.
Continuing the week, we saw Compound push back their cToken launch due to some technical issues on Thursday. This pushed their launch back an entire week, with a new date set for next Thursday.
Finally, we had the Aave reveal of their decentralised staking service which allows users to earn rewards from token deposits. This was launched alongside the Aave upgrade coming in the next two weeks, allowing for the new stablecoin to be repaid and borrowed as previously mentioned.
It’s been an eventful week in the world of DeFi, with lots of exciting news and announcements! Stay tuned to find out what’s coming next, as the new developments in the decentralised finance space continue to unfold. Follow us for more updates, insights and news!