The update to the Multi-Collateral Dai (MCD) system will be implemented on November 18th. About this on Wednesday, duringThe DevCon 5 conference in Osaka, said Maker Foundation CEO Rune Christensen.
He noted that the MCD will include additionaltypes of collateralized debt positions, as well as new features that will allow users to earn on their Dai assets. In addition, new user interfaces will be added for trading, collateral, and storage of Dai tokens. And readers of the Maker Blog can expect a wider variety of types of informational and educational guides published.
MCD will also help integrate the Maker protocol into the backend of open financial applications (decentralized applications).
The launch of MCD will mark the greatest milestone achieved for the MakerDAO project – a turning point that will have a profound impact on the future of decentralized finance.