🗳️ Clear majority in fifth MakerDAO vote looks set to pass another increase in DAI stability fee

MakerDAO's ($MKR) community poll for bumping the stability fee by 4.0% up to 11.5% will most likely pass. As of now, 50,579.23 MKR is staked in favor of the 4.0% option, with only 1,165.47 MKR staked for the next option, a 2.0% raise. The community poll was issued April 8th to address the continued slump under the $1 peg for stablecoin DAI. In a commuity developer call, Maker's Richard Brown argued for the increase: “Tensions are high and this is an important subject. Arguably [...] literally the most important thing we do at MakerDAO is the stability of the peg. Everything else flows from that.”