💸 MakerDAO set to increase DAI fees above 15% in bid to stabilize stablecoin

MakerDAO's ($MKR) weekly round of voting for stablecoin $DAI's stability fee has passed a two percent uptick and will undergo a solidifying vote tomorrow. If passed, the stability fee will rise to 16.5%. For months the stablecoin has tried to push past the $0.97 valuation with numerous stability fee hikes. The stability fee hikes have lowered the DAI supply from 95 million to 88 million, according to the MakerDAO Foundation's Vishesh Choudhry.