Why not increase the DAI cap instead?
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Why not drop the stability fee to 0.2% and make it very cheap to create/redeem DAI? Most mkr price is generated by DAI volume than fundamentals right now anyway.
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@antsankov the reason behind the stability fee increase is because DAI is trading below 1.00. The fee is supposed to disincentivize DAI generation, so that supply comes down a little to return DAI to 1.00 - 2 more replies
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Does that stability fee apply when you create a CDP or when you return your collateral?
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Hi we are developing http://Cryptwerk.com - web directory with companies and stores accepting cryptocurrencies we would like to add Maker to Cryptwerk and to Merchants Coins Rating. Would like to discuss with Maker Team this questions. info@cryptwerk.com
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