Finally! Maker Offers Multi-Collateral DAI Lending

Maker DAO, the most active decentralized finance app on the network, has announced a date for its long-awaited multi-collateral DAI generation. According to observers, November 18 may be the date MKR starts accepting other assets as collateral.

https://twitter.com/whalewatchio/status/1181875504288292866

Multi-collateral DAI creation has the potential to be riskier in comparison to ETH-based models. Currently, Maker is deliberately over-collateralized at above 300%, with the minimum at 150%, due to the high volatility of crypto assets.

The news of the multi-collateral DAI were announced during DevCon 5 in Osaka, Japan, during a speech of

This article appeared first on Cryptovest

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