MakerDAO’s First Debt Auction of MKR Tokens Is Successfully Underway
MakerDAO’s First Debt Auction of MKR Tokens Is Successfully Underway
MakerDAO hopes to fill the multi-million dollar gap in the collateral backing its DAI stablecoin following last week’s market volatility, as Cointelegraph reported. Today the organization successfully launched its first debt auction to that end.
The first lot became available at 10:38 EST on March 19, and just over one hour into the auction, a further nine of the 100 expected total lots had been released.
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Source: investing.com
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