Positive news comes from the second day of Devcon 5 that began on October 8 and will last until October 11. The founder of MakerDAO, Rune Christensen, has announced the date of the multi-collateral Dai stablecoin launch.
Devcon Day 2: Date Set for Multi-Collateral Dai— TokenNews v2.1 (@_TokenNews) October 9, 2019
Hello defiers! It was an eventful second day of Devcon. Here are my highlights: MakerDAO Announces Launch Date for Multi-Collateral Da...#dai #makerdaohttps://t.co/4LRIxToWIK
The Dai dev team have been planning to diversify the collateral which backs the Dai stablecoin since 2015, when the asset was created.
Back in July this year, the Maker team asked MRK owners to vote and choose coins they would like Dai to be backed by and added as collateral. Now, the issue seems to be solved and the new multi-collateral Dai will be released on November 15.
Rune Christensen also announced that on the same day, the MakerDAO will kick off the Dai Savings Rate and it will be part of the ‘upgraded’ stablecoin.
Following the news, the price of Maker (MKR) stablecoin has surged by around 10 percent.
What is your view of the upcoming multi-collateral Dai launch? Feel free to share it with us in the comment section!