MakerDAO added renBTC and UNI as Dai collateral through executive voting and adjusted other parameters.
Executing voting records
Executing voting records
This executive vote also reduced the Dai borrowing rate for stablecoins (USDC-A, TUSD-A, PAXUSD-A, and GUSD-A) to zero. This move is coming soon for the communityPSM (stable currency and Dai 1:1 swap) moduleprepare for.
In addition, YFI raised the upper limit of Dai to 30 million Dai, and increased the interest rate from 4% to 10%.
renBTC Risk Parameter Details
Collateral auction maximum duration: 6 hours
Interest on borrowing Dai: 6%
Liquidation mortgage rate: 175%
Liquidation Penalty: 13%
Initial generation of Dai minimum amount: 500 Dai
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 renBTC 👉renproject.io
UNI Risk Parameter Details
Debt ceiling: 15 million Dai
Collateral auction maximum duration: 6 hours
Liquidation mortgage rate: 175%
Liquidation Penalty: 13%
Initial generation of Dai minimum amount: 500 Dai
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 UNI 👉uniswap.org
To keep updated with the latest developments of Maker, please follow our WeChat official account below and get access to the community.
get updates
To keep updated with the latest developments of Maker, please follow our WeChat official account below and get access to the community.
