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RE: DeFi - banking redefined
the interest rates changes based on the supply and demand, as and when more ppl want to take loans in DAI and less supply the interest goes up to incentify more people to lend out dai. this is from what I understand. I'm currently in the "supply" market and these rates are pretty lucrative at the moment for me
you could check this out for some info as well https://defirate.com/dai/