DeFi

DAI supply has been increasing rapidly (+18%) since cratering in early March. Confirmation that a sustained high DSR is the killer feature for DAI.

Next step is to build liquidity between USDC and sDAI on all L2s, sidechains and L1s.

DSR as the DeFi savings account.

Co-founder Phoenix Labs - contributing to Spark. Previously Protocol Engineering @ MakerDAO.

New economic hyperstructures and city states
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Current: 👹
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Ex. Product @SetProtocol, @indexcoop, @goldfinch
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Ex. VC @drapervc

Includes both. Most new DAI is going straight into the DSR. There is no lockup, so I wouldn't really call it staking.

Isn't this an increase in Dai that isn't being staked? Or is this chart inclusive of Dai and sDai