Are there any fees associated with using MakerDAO services and products such as Dai Multi-Collateral Dai or Oasis Trade (OTC)?
Yes, there are fees associated with using MakerDAO services and products such as Dai Multi-Collateral Dai or Oasis Trade (OTC).
When using Dai Multi-Collateral Dai, users must pay a Stability Fee to the MakerDAO system. This fee is paid in MKR tokens and is used to cover the costs of running the system. The current rate of the Stability Fee is 0.
5% per year. When using Oasis Trade (OTC), users must pay a trading fee for each transaction. This fee is paid in MKR tokens and is used to cover the costs of running the system.
The current rate of the trading fee is 0.3% per transaction. In addition, users may also be required to pay gas fees when interacting with MakerDAO services and products on Ethereum.
Gas fees are paid in ETH and are used to cover the cost of executing transactions on Ethereum's blockchain network. The amount of gas fees depends on network congestion at any given time, so it can vary significantly from one transaction to another.
