You might want to check Nexo as well. But what MKR is doing is a great experiment and maybe setting the basis for a real new paradigm shift in finance. Time will tell as you say.

Dunno if you mentioned but all the benefits and all that must be balance with the risk of contract failure/hacked. Something to consider whenever you look at these untested projects. However, given that it has like 1% of ETH in it and still going strong...maybe it's safe?

Lastly: DAI is at 95 cents and they bumbed the rate to 7.5% which is hella high.