OKEx cryptocurrency exchange will be the first major platform to integrate the DAI Savings Rate (DSR), which will allow stablecoin holders to earn 4% of the assets on their accounts.
According to the announcement of the decentralized autonomous organization MakerDAO, which oversees the development of the stablecoin ecosystem, the corresponding opportunity will be activated for OKEx users on December 23. From this moment, the exchange customers will be able to directly deposit Dai into their accounts and stake them through DSR to receive payments stipulated by the protocol, as well as additional bonuses from the exchange.
It is not planned to establish a minimum or maximum limit on the size of the deposit for participation in the program, as well as impose commissions.
With OKEx integration, DSR distribution in Asia could accelerate, and millions of people could potentially become Dai users.
Activation of the DSR in the Dai protocol took place last month after an appropriate decision by the MKR holders. According to a recent MakerDAO notice, users blocked 16 million Dai in a DSR contract in the first three weeks of the feature.
OKEx said that the additional bonus for users who will stake Dai on its platform will be 1%.