MakerDAO added LRC, COMP, and LINK as collateral for Dai through an executive vote.
LRC is Loopring's ERC20 Token, a decentralized transaction matching protocol based on the Ethereum blockchain. COMP is Compound's ERC20 Token, a mortgage lending platform running on the Ethereum blockchain. LINK is Chainlink's ERC20 Token, a distributed oracle solution that provides off-chain data to smart contracts.
Now, users can use theOasis.appExecuting voting records
Executing voting records
Debt ceiling: 3 million Dai
Debt ceiling: 3 million Dai
Liquidation mortgage rate: 175%
Liquidation mortgage rate: 175%
Liquidation Penalty: 13%
Auction quota for each batch of collateral: 50,000 Dai
Minimum bid increase for collateral auctions: 3%
Auction duration for each batch of collateral: 6 hours
Collateral auction maximum duration: 6 hours
Liquidation Penalty: 13%
Learn about LRC 👉loopring.org
Debt ceiling: 7 million Dai
Debt ceiling: 7 million Dai
Liquidation mortgage rate: 175%
Liquidation mortgage rate: 175%
Liquidation Penalty: 13%
Auction quota for each batch of collateral: 50,000 Dai
Minimum bid increase for collateral auctions: 3%
Auction duration for each batch of collateral: 6 hours
Collateral auction maximum duration: 6 hours
Liquidation Penalty: 13%
Learn about COMP 👉compound.finance
LINK Risk parameter details
Debt ceiling: 5 million Dai
Liquidation mortgage rate: 175%
Liquidation mortgage rate: 175%
Liquidation Penalty: 13%
Auction quota for each batch of collateral: 50,000 Dai
Minimum bid increase for collateral auctions: 3%
Auction duration for each batch of collateral: 6 hours
Collateral auction maximum duration: 6 hours
Liquidation Penalty: 13%
Learn about LINK 👉chain.link
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