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Update MIP118.md
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StrangeTimes1 authored Mar 1, 2023
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Expand Up @@ -38,7 +38,8 @@ This Maker Improvement Proposal (MIP) proposes adding an alternative option to t
## Component Summary

**MIP118c1: Dai Savings Rate (DSR)**
A protocol-wide savings rate that incentivizes users to lock DAI and earn interest. It's a cost to the protocol. The rate is determined by the community and can vary based on revenue generated by the protocol and funding need.
A protocol-wide savings rate that incentivizes users to lock DAI and earn interest. It's a cost to the protocol. The rate is determined by the community and can vary based on revenue generated by the protocol and funding need.

**MIP118c2: 7-day notice DSR**
Introduce an optional 7-day notice period at a higher rate of 1.25%

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