Some 71% of voters favored a 1% hike, the highest available option, during the voting, which ended Thursday.
The rate increase will come into effect on Dec. 13, according to a statement from MakerDAO.
Increasing the rewards known as the DAI Savings Rate (DSR) means that investors can earn a 1% annualized return on their DAI holdings, giving an incentive for investors at a time when decent yields in crypto are scarce. The return is still much lower than what is available for traditional yield-generating assets such as U.S. government bonds.
UPDATE (Dec. 12, 15:45 UTC): Adds date when rate increase will apply in third paragraph.
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