The Multi-Collateral Dai (MCD) system is now ready for launch on November 18, according to Rune Christensen, CEO of the Maker Foundation.
Launch of Multi-Collateral Dai
Christensen announced the news at the DevCon 5 conference in Osaka, Japan, on Wednesday. There, he spoke in detail about the future functions and capabilities of the system:
“MCD will introduce exciting new features to the Maker Protocol, including the highly anticipated Dai Savings Rate (DSR) and, of course, additional CDP collateral types.”
“The launch of MCD will have a strong impact on the future of decentralized finance.” – Christensen.
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Maker (MKR) tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details holders will soon be able to review and vote on terms of the DSR, the announcement said.