Given the idea of a great promoter with what seems like unlimited funds and a limited market for high rate lending it finally happened..  Dai rates went to 4.5% and the other stable coins went down in rate to 8.8%.

Not a bad rate but bad for the rate chasers.  The idea that they are not a bank is more of a sales pitch than reality and you wonder if they have to worry about bank runs..  It does seem like there are good rates in the bitcoin futures but that it requires us dollars not the crypto market. money needs to be tied up to avoid worrying about bank runs to get the yield.

According to the celcius ama its because demand crashed more for Dai than other coins.

Dai is sorta a special case coin that offers its own reward and risks.  I am aware that they are planning to offer you the ability to pay out your interest in other coins in the future.  Swapping the Dai interest into usdc may be one option in a market like this one (except in Texas where only Dai is available).  I would personally would except gold.  Sometimes Dai spikes to $1.08 or something it would be nice just to borrow the interest amount for the rest of the week and go into usdc or gold or whatever and abotrage the rates.  Give it a nice little supercharge.  At times Dai is at a discount and it would be nice to get that as well with the interest on various coins. 

Deversify as alway hold a mix.  I even hold some dollar reserves as savings bonds in case banks do bail ins and US dollar based crypto goes under.

If you want to try out celcius use this referral code 1010547c0d and get $40 added to your deposit of $400 or more.  Dai is currently listed at 4.6% other stable coins more but not available in Texas.