MakerDAO added BAL and YFI as Dai collateral through an executive vote.

BAL is Balancer's ERC20 Token, an automated market-making trading protocol on the chain. YFI is the ERC20 Token of Yearn.finance, a decentralized aggregate income platform.

Executing voting records

Executing voting records

https://vote.makerdao.com/

BAL Risk Parameter Details

• Debt ceiling: 4 million Dai

• Liquidation Penalty: 13%

• Liquidation mortgage rate: 175%

• Liquidation Penalty: 13%

• Collateral auction maximum duration: 6 hours

• 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

Learn about BAL 👉balancer.finance

Details of YFI risk parameters

• Debt ceiling: 7 million Dai

• Liquidation Penalty: 13%

• Liquidation mortgage rate: 175%

• Liquidation Penalty: 13%

• Collateral auction maximum duration: 6 hours

• 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

Learn about YFI 👉yearn.finance

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