The stability fee for Maker’s DAI Stablecoin has been raised by 4 percent due to a vote by Decentralized Autonomous Organization (DAO) users. DAI stablecoin is the first decentralized stablecoin on Ethereum (ETH). What's notable about it is that it automatically responds to market changes to stabilize against world currencies. A little over one percent of ETH's circulating supply is tied up with Maker's Single-Collateral Dai (SCD) system. MakerDAO (MKR) made an announcement on March 21st, the same day that the poll wrapped up. The “yes” vote for stability fee proposal means that the fee will go up 4 percent, up to 7.5 percent from 3.5 percent previously. There were several reasons given by MKR’s post about the stability fee increase. One reason is that the exchange rate for Maker’s DAI stablecoin continues to be about one dollar, while another reason is that there are relatively high amounts of inventory for those who serve as prop desks and as market makers. Another important reason for the increase is that the last fee increase didn’t lead to its desired outcome. The vote page argued that the stability fee increase was needed because there needs to be more financial incentive for higher amounts of cryptocurrency volume clearing around one dollar. MKR, the token of MakerDAO, grants voting rights to those who possess them. Each MKR token holder was given the choice to increase the stability fee by two, four, or even zero percent. The vote for the 4 percent increase was said to be biggest one-time raise, and could potentially overshoot Maker’s projections. Maker also remarked that the optimal stability fee could actually be 7.5% or even higher. MKR is presently the 16th biggest cryptocurrency according to rankings made by CoinMarketCap. Earlier this month, MKR token holders voted to increase the DAI stablecoin stability fee to 3.5 percent. Valerie Szczepanik, the U.S. Securities and Exchanges Commission (SEC)’s Digital Assets Senior Advisor, reportedly stated just last week that stablecoins like Maker’s DAI stablecoin could run into problems with the SEC due to present laws concerning securities.