The introduction of the Enhanced Dai Savings Rate has managed to partially counteract the decline in the token's market value that had been observed.
The circulation of Maker's DAI stablecoin has decreased by 33% in the past year
As per the blockchain data, the lending platform is well-positioned to eliminate approximately $7 million worth of MKR governance tokens from the market in the coming month.
The protocol's community decided to incorporate a new real-world asset vault, which would allocate funds to invest in U.S. Treasury bonds, up to the specified additional amount.
In February, Bakkt, which is owned by Intercontinental Exchange, ceased its consumer-oriented application as part of its transition away from the retail market.