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Multi-Collateral DAI Goes Live

Published 11/19/2019, 07:52 AM
Updated 11/19/2019, 09:01 AM
 Multi-Collateral DAI Goes Live

Multi-collateral DAI is now a functioning asset, officially launched through the Maker DAO ecosystem. The long-awaited launch sets a new era for decentralized finance based on crypto collaterals.

https://twitter.com/MakerDAO/status/1196458380660887552

The launch of the new token is scheduled for 16:00 UTC. Currently, Single-collateral DAI still trades, with a price of $1.01, and an issuance of 98 million coins, down from 102 million a few days ago. The ETH staked has fallen from 1.79 million to 1.71 million, and collateralization is down to 322%.

The passage to the new type of DA...

This article appeared first on Cryptovest

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