Rune Christensen, the CEO of the Maker Foundation, has revealed that the Multi-Collateral Dai (MCD) system will be ready to launch on Nov. 18.
Speaking at DevCon 5 in Osaka, Japan, Christensen urged all holders of MakerDAO's MKR token to cast their votes on November 15.
Dai Savings Rate, new CDPs
MCD is a decentralized blockchain-based system designed to encompass Maker smart contracts, front-end apps, tools and services.
MakerDao’s announcement points out two core features of the Maker protocol that will be heralded by its planned November launch: first, the Dai Savings Rate (DSR) — an MCD feature that allows DAI (DAI) stablecoin holders to lock their tokens in a smart contract to earn additional ones — as in a savings account.
Second, the release will provide new collateral types for Collateralized Debt Positions — another smart contract integral to the Dai stablecoin system. Read More....