On November 18th, the trust-minimized stablecoin Dai got a big upgrade with Multi-Collateral Dai. This was an important milestone for the MakerDAO project because it helps maintaining Dai's stability with the Dai Savings Rate and enables the supply of Dai to scale with more collateral types backing the system.A trust-minimized stablecoin is a core building block for an open, global financial system. If you haven't yet, see for yourself by borrowing Dai with ETH or BAT as collateral and then earning interest on that Dai by using the Dai Savings Rate, dYdX, or Compound.
Share this post
1confirmation Newsletter - Issue #71
Share this post
On November 18th, the trust-minimized stablecoin Dai got a big upgrade with Multi-Collateral Dai. This was an important milestone for the MakerDAO project because it helps maintaining Dai's stability with the Dai Savings Rate and enables the supply of Dai to scale with more collateral types backing the system.A trust-minimized stablecoin is a core building block for an open, global financial system. If you haven't yet, see for yourself by borrowing Dai with ETH or BAT as collateral and then earning interest on that Dai by using the Dai Savings Rate, dYdX, or Compound.