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Nov. 18 Launch for Maker Foundation’s Multi-Collateral Dai

Nov. 18 Launch for Maker Foundation’s Multi-Collateral Dai

Maker Foundation’s Multi-Collateral Dai to Launch on Nov. 18

MakerDao’s announcement points out two core features of the Maker protocol that will be heralded by its planned November launch: first, the Dai Savings Rate (DSR) — an MCD feature that allows DAI (DAIstablecoin holders to lock their tokens in a smart contract to earn additional ones — as in a savings account.

Second, the release will provide new collateral types for Collateralized Debt Positions — another smart contract integral to the Dai stablecoin system.

MakerDAO claims that the launch of the MCD represents a major milestone, paving the way for the Maker protocol integration on the backend of Decentralized Finance applications.

In addition to reviewing and voting on the terms of the DSR, MKR holders will also be provided with documents to analyze the risk parameters for the two first tokens to be evaluated by MakerDAO’s interim risk team: Basic Attention Token (BAT) and Ether (ETH).

Full Article: https://cointelegraph.com/news/maker-foundations-multi-collateral-dai-to-launch-on-nov-18

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