With the introduction of the Dai Savings Rate (DSR) on the Maker Protocol, holders of Dai are now able to put the stablecoin to work for them, earning savings in just a few clicks. In the three weeks since its launch, users around the world have locked over 16 million Dai in the DSR contract. Today, the China-based OKEx marketplace has announced an exciting new way for its millions of users to take advantage of the DSR. On December 23, users of the OKEx platform will be able to directly deposit Dai and stake it in the DSR to earn the savings rate plus an additional reward that is exclusive to OKEx—all without leaving the OKEx platform.
The Benefits of the Dai Savings Rate
The DSR offers individuals, start-ups, and businesses a myriad of uses and benefits:
The DSR is a game-changer for users and a powerful new tool for the entire DeFi ecosystem.
One of OKEx’s most unique and popular features is called Pool, a mining pool with a staking service that encourages long-term asset holding and offers users rewards. With Pool’s integration of Dai, OKEx account holders can deposit Dai where they’re able to stake it into the DSR.
Once staked, users earn the Dai Savings Rate, plus a reward, courtesy of OKEx.
The process is simple:
1) Open the OKEx app.
2) Select the “Pool” tab.
3) Go to “Staking” and select “Dai.”
4) Enter the amount of Dai you want to stake.
For more information and support, refer to the OKEx Pool Staking Guide.
With the OKEx integration, adoption of the Dai Savings Rate can accelerate in Asia, introducing millions more people to Dai. While Maker already has a presence in Asia, including Foundation members in China, Korea, Japan, and Singapore, the OKEx integration will help expand Maker recognition and accelerate the globalization of Dai.
As more users benefit from the Dai stablecoin and discover the advantages of the DSR, more exchanges, platforms, and projects will integrate both, introducing new groups of users to the Maker Protocol and the DeFi ecosystem.
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