A weekly selection of important governance threads to follow:

EDSR Decreases to 5%

Rune is proposing a modification to MakerDAO’s EDSR. Initially, Maker set the EDSR to 8%, decreasing to 5.8% when the DSR utilization hit 20%. The EDSR has been so successful that within 48 hours of launch, the 20% threshold has almost been hit, and the DAI supply has increased by 500M. However, setting the EDSR has caused some issues to arise that the proposal seeks to address. Large-scale borrow-arbitrage occurred where users borrowed DAI at lower than 8% and put it in the EDSR – which, in Rune’