Dai yield on DeFi lending platform Compound hits new high since March 16

The annualized rate of return of Dai on the DeFi lending platform Compound reached more than 14% on the eve, the highest since March 16. As of press time, Dai ’s annual return on Compound is 12.59%. Dai ’s rate of return climbed once after the “3-12” Black Swan event, but then decreased, and was below 1% for most of April. DeFi Rate said: “A large amount of capital outflows have caused the total amount of loans over the weekend to exceed the total deposit of Dai’s loan pool.” Dai is a decentralized stable currency issued by the MakerDAO agreement, which aims to maintain a 1: 1 benchmark against the US dollar.