– Recent news on MakerDAO suggests that they are launching new Dai governance proposals.
The decentralization of finance has become an ever-growing industry, with new projects and initiatives popping up all the time. Recently, these headlines have featured the MakerDAO, a project aiming to revolutionize the way we manage and transact with Dai, a stablecoin offered on the Ethereum blockchain.
In a surprise announcement today, MakerDAO has revealed new Dai governance proposals. These proposals, code-named MKD-2 and MKR-3, will govern the Dai Stablecoin System, which the MakerDao team hope will become one of the most widely-used mediums of exchanging tokens and assets.
The proposals include the introduction of two new types of Dai, Multi-Collateral Dai (MCD) and Single-Collateral Dai (SCD), both of which aim to make Dai more accessible and secure.
According to the announcement, MCD will offer “greater flexibility” and “promote a more secure Dai,” using more external assets to back the Dai’s value. SCD, by comparison, will focus more on stability, using a single type of asset to back the Dai at all times.
More details of the proposals have been shared by MakerDAO, with MakerDAO Governance Risk team offering full documentation of all their proposals. To add to the already comprehensive proposals, MakerDAO has also included considerations for payment networks and exchanges, who may use the upcoming changes to their chances.
These changes will allow users to borrow Dai against any type of asset, enabling greater liquidity in the ecosystem and allowing users greater access to tokens and assets. All of which should benefit the cryptocurrency community as a whole.
This is an exciting development for MakerDAO and the cryptocurrency industry, and more news and information on the subject is expected in the coming weeks. For those interested in staying up-to-date, MakerDAO is offering updates via their blog and social media channels. So be sure to follow for more.