Multi-Collateral Dai (MCD) has activated on the MakerDAO system after MKR token stakeholders made an executive vote last Friday to pass it through. The post Multi-Collateral Dai goes live on MakerDAO appeared first on The Block.
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
What's going on with MKR?
Although MKR is not available to trade, you can get price alerts, news, and more with a Coinbase account.