September 19, 2020

The launch date of the Multi-Collateral Dai system has become known

The launch date of the Multi-Collateral Dai system has become known

The multi-collateral Multi-Collateral Dai (MCD) system update will be released on November 18. About it on Wednesday, during The DevCon 5 conference in Osaka, said Maker Foundation CEO Rune Christensen.

He noted that the MCD will include additionaltypes of secured debt positions, as well as new features that will allow users to earn on their Dai assets. In addition, new user interfaces for trading, pledging and storing Dai tokens will be added. And readers of the Maker blog will be able to count on a wider variety of types of published informational and educational guides.

MCD will also help integrate the Maker protocol into the backend of open financial applications (decentralized applications).

The launch of the MCD will mark the greatest milestone for the MakerDAO project - a turning point that will have a major impact on the future of decentralized finance.