Investors holding MakerDAO’s DAI stablecoin can now access yields of as high as 8% using its recently-launched sister project, Spark Protocol.

Rune Christensen, MakerDAO’s founder, announced the news via tweet on August 6.

“DAI Savings Rate is now live paying out 8% at no additional risk compared to holding DAI,” Christensen said. “The rate is so high because there are currently not that many people using the DAI Savings Rate - only about 9% of DAI holders use DSR currently.”