MakerDAO: Multi Collateral Dai

Quick Take

  • On Monday November 18 MakerDAO will officially begin the transition to its Multi Collateral Dai system
  • Multi Collateral Dai opens up support for additional collateral types as well as introducing several important system mechanism design changes 
MakerDAO MakerDAO is a credit facility and synthetic issuance platform serving as the de facto central bank for the Ethereum-based Open Finance ecosystem. At the heart of MakerDAO is the Dai token, a synthetic asset with a soft peg to the US dollar, affording risk-averse agents all the advantages of cryptocurrencies — censorship resistance, permissionless […]

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