On November 18, MakerDAO is expected to launch a new set of smart contracts, changing the way DAI is generated. We will add support for the new Multi-Collateral Dai token on DDEX.
Why is DAI Being Upgraded?
Currently, MakerDAO users can only generate DAI tokens by pledging ETH as collateral. With the upgrade, users will be able to put up other cryptocurrencies as collateral in the MakerDAO system. Once this happens, the upgraded version will be known as DAI, while the old, single collateral version will be renamed ‘SAI.’
Additional information for multi-collateral DAI can be found on MakerDAO’s blog:
– What to Expect With the Launch of Multi-Collateral Dai
– Say Goodbye to CDPs and Hello to Maker Vaults
We will keep everyone updated via social media. Additionally, please do not hesitate to contact us with any questions.