This paper demonstrates that the dc-SQUID read-out electronics can be realized utilizing positive feedback without deteriorating the SQUID noise performance. The required gain rise is achieved by interconnecting the SQUID output and a flux modulation coil via a cooled FET acting as a voltage-controlled resistor; different SQUIDs with different types of FETs have been studied experimentally. Possibilities to build an adaptive control of the feedback gain produced by the positive feedback are briefly discussed.