MakerDAO, facing a liquidity crunch and dwindling reserves, has implemented unprecedented interest rate hikes, with a potential increase of 900 basis points or more, to stimulate demand for its Dai Stablecoin Savings Rate (DSR). This move comes as the DeFi sector experiences a shift in capital towards high yield opportunities, notably with Ethena's 67% yield attracting significant attention. Scallop has also announced Phase 3 incentives, offering over 2991.47% APR for staking, with daily rewards currently at 100,000 $SCA and set to increase to 150,000 $SCA. Meanwhile, significant token unlocks are on the horizon, with $ARB unlocking 76.62% of its supply, potentially increasing circulating supply by 76% and involving amounts up to $2.38B. These developments highlight the dynamic and competitive nature of the DeFi landscape, as protocols adapt to market conditions and investor demand for higher yields.