Popular cryptocurrency exchange OKEx will be the first major platform that integrates the Dai Savings Rate (DSR), which will allow its users to earn interest of more than 4% per year on their Dai assets.
According to a post in блоге , the cryptocurrency exchange will add Dai Savings Rate to its platform on December 23rd. OKEx users will only have to deposit Dai stablecoin and place a bet through the "Pool" section to start earning interest.
The interest income through DSR is determined by Maker Governance. It is currently 4%, but OKEx plans to add an exclusive additional reward for its “millions” of users. What kind of reward it is is not clear. The post clarifies that there are no minimum or maximum deposits required to use the DSR, and there are no fees either.
MakerDAO says the OKEx integration will help accelerate DSR adoption in Asia and potentially bring “millions of people to Dai”. This is although it is already present on the continent and the members of the foundation are located in China, Korea, Japan and Singapore. The post reads:
As more and more users benefit from the stable Dai coin and discover the benefits of DSR, more exchanges, platforms and projects will integrate, introducing new user groups in the Maker protocol and in the DeFi ecosystem.
The DAI savings rate was introduced to the decentralized financial ecosystem last month when MakerDAO launched the multi-stakeholder Dai.