MakerDAO added AAVE and Uniswap DAI-ETH LP Token as Dai collateral through executive voting and adjusted other parameters.
AAVE is a lending protocol on Ethereum. Uniswap DAI-ETH LP Token is a Uniswap automatic market-making liquidity share. Now, users can use the Oasis.app to open the Maker vault to mortgage the above assets to generate Dai.
Executing voting records
The execution vote also adjusts the stability rate of other collaterals.
ETH-A stability fee increased from 2% to 2.5%
ETH-B stability fee increased from 4% to 5%
WBTC-A stability fee increased from 4% to 4.5%
BAT-A stability fee increased from 4% to 8%
KNC-A stability fee reduced from 4% to 2%
ZRX-A stability fee reduced from 4% to 2%
MANA-A stability fee reduced from 12% to 10%
COMP-A stability fee reduced from 3% to 2%
BAL-A stability fee reduced from 5% to 2%
YFI-A stability fee reduced from 10% to 9%
AAVE Risk Parameter Details
Debt ceiling: 10 million Dai
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 AAVE 👉aave.com
UNI-DAIETH Risk Parameter Details
Debt ceiling: 3 million Dai
Interest on borrowing Dai: 1%
Liquidation mortgage rate: 125%
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 Uniswap 👉uniswap.org
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