MakerDAO will launch the long-awaited Multi-Collateral Dai (MCD) on November 18th. MCD will introduce new features to the Maker protocol, which include the Dai Savings Rate (DSR) and other collateralized asset types. After this launch, the existing single-collateral Dai will be replaced by MCD.

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Source: MakerDAO

In order to prepare the Kyber ecosystem for this important update, we are updating several components in the network. Kyber's components will also adapt to the new terminology. We plan to make this migration as smooth and seamless as possible to meet everyone's needs.

smart contract

smart contract

• The new Multi-Collateral Dai contract address will be listed in the protocol's smart contract.

• Users and DApps will be able to obtain Sai and Dai token conversion rates.

• Users and DApps will be able to trade Sai and Dai using ETH or any other token.

• The protocol will support single-collateral Dai (Sai) until its phase-out.

KyberSwap (Website/Android/iOS), KyberWidget, Kyber RESTful API

• KyberSwap (including website and mobile app), KyberWidget and Kyber RESTful API will support both Sai and Dai.

• Sai and Dai will use their new logos.

• Support for Sai will continue until it is phased out by the protocol contract.

• There will be a link in the KyberSwap header that directs users to Maker’s migration portal (https://migrate.makerdao.com/).

• Kyber Reserve

Kyber Reserve

• We will provide support and market making for Sai and Dai, therefore, we will provide liquidity to Sai and Dai to support the integration of their users migrating from Sai to Dai.

• Market makers in Sai will be supported until phased out.

Kyber Developer Portal

• This document will reflect the canonical addresses for Sai and Dai. https://developer.kyber.network/docs/Environments-Mainnet/

Migrating to Multi-Collateral DAI

KyberSwap users

For KyberSwap users, you can exchange Sai for Dai directly in KyberSwap. However, since Sai and Dai market makers are conducted separately, the conversion rate from Sai to Dai may not be 1:1 during this transition period.

There will be a link in the KyberSwap header directing users to Maker’s migration portal to convert their Sai tokens to Dai. We recommend users to use this option to migrate their Sai to Dai. Users are personally responsible for migrating their funds from Sai to Dai.

Developer/Integration

Reserve

Reserve

Reserves not backed by Kyber and Sai should coordinate with the Kyber team if Kyber decides to migrate to Dai.

Next step

https://github.com/makerdao/developerguides/blob/master/mcd/upgrading-to-multi-collateral-dai/upgrading-to-multi-collateral-dai.md

Next step

We will announce the specific schedule of MCD launch date via telegram, twitter and KyberSwap. If you have any questions, please contact our Kyber Telegram Group (https://t.me/KyberNetwork/) and Kyber Developer Telegram Group (https://t.me/KyberDeveloper/). We want to make the migration as seamless and smooth as possible for all users, repositories, and aggregators' DApps!