DAI is a digital currency with an interesting mechanism for keeping the price at one dollar. It is a stablecoin.
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn’t backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
For more see: DAI
With MakerDAO now fully decentralized and the Maker Foundation formally dissolving over the next few months (https://blog.makerdao.com/makerdao-has-come-full-circle/), the @makerdao social channels will be handed over to the appropriate Core Unit when the community votes that Core Unit in.
New Governance Polls have been added to the voting portal:
☑️Ratification Poll for Declaration of Intent - Onboarding a new collateral type backed by B.Protocol v2
☑️Ratification Poll for DAI Foundation Core Unit
☑️Ratification Poll for Growth Core Unit MKR Budget
More 👇
A new Executive Vote has been added to the voting portal:
👩💼Core Unit Budget Distributions - August
Parameter Changes -
⬇️The ETH-B Stability Fee will be decreased from 6% to 5%
⬇️The LRC-A Maximum Debt Ceiling will be decreased from 3 million DAI to 1 million DAI.
More 👇
New Governance Polls have been added to the voting portal:
🛠️Parameter Changes Proposal
⬆️Increase the UNIV2DAIUSDC-A Maximum Debt Ceiling
🟢Community Greenlight Poll - RWA-120dB (120dB Films)
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An Executive Vote has been added to the voting portal:
🪙 @centrifuge Asset Onboarding:
- CF-DROP (ConsolFreight DROP Token) will be added as a new Real World Asset vault type (RWA003)
- HTC-DROP (Harbor Trade Credit DROP Token) will be added as a new RWA vault type (RWA004)
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A final Maker Foundation message from CEO Rune Christensen (@RuneKek):
MakerDAO Has Come Full Circle
By Rune Christensen, Maker Foundation CEO MakerDAO is now completely decentralized. With several Core Units approved by governance to efficiently
blog.makerdao.com
New Governance Polls have been added to the voting portal:
🟢Community Greenlight Polls:
G-UNIv3-DAIUSDC (Gelato UniswapV3 DAI-USDC LP Token)
U-DROP (Untangled Finance DROP)
MKR holders can signal their support at http://vote.makerdao.com/polling
Read more: https://blog.makerdao.com/governance-polls-july-19-2021/
An Executive Vote has been added to the voting portal:
🙋♀️Bid Duration (ttl) for FLAP auctions will decrease from 60 minutes to 30 minutes.
⬆️Increase Debt Ceiling for RWA-02 (NS-DROP) from 5 million DAI to 20 million DAI.
👨💻July Core Unit Budgets
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New Governance Polls have been added to the voting portal.
🪙Collateral Onboarding:
Add MATIC as a new Vault Type
📝Signal Requests:
Adjust FLAP Auction Parameters
Increase the RWA-02 (NS-DROP) Debt Ceiling
More 👇