The interest rate offered by many DEFI platforms on stable coins is in the range of 6-10% APR.
Therefore, in order to be competitive we have decided to increase our annual interest rate from 7% to 10% APR. This would amount to 0.798% on monthly basis.
And we also have decided to make it effective from 1st Feb 2020 onward.
We look forward for community support to make it a dominant stable coin and a well recognized defi product from Steem platform.