Crypto Exchange OKEx Announces the Integration of Dai Savings Rate

Posted on Dec 17, 2019

OKEx have announced their plans to integrate DSR (Dai Savings Rate) to the platform, enabling users to earn interest on their Dai holdings. The DSR will launch on December 23rd, with users instructed to simply deposit their stable coin and stake through the platform’s ‘Pool’ section, in order to begin earning over 4% interest annually. The interest rate is set by MakerDAO Governance, however OKEx have stated there are additional benefits yet to be added for users. The blog post released by the exchange also communicated that there will be no fees involved, and no minimum or maximum limits are set in order for users to benefit from the DSR. MakerDAO apprehends that this inclusion will facilitate the adoption of DSR in Asia, introducing the Dai  cryptocurrency to millions of new people.